tiprankstipranks
Telefónica Announces Leadership Transition Reflecting New Shareholding Structure
Company Announcements

Telefónica Announces Leadership Transition Reflecting New Shareholding Structure

Story Highlights

Invest with Confidence:

Telefonica ( (TEF) ) has shared an update.

In response to changes in its shareholding structure and feedback from key shareholders, Telefónica’s Board of Directors decided to renew its executive leadership. On January 18, 2025, José María Álvarez-Pallete stepped down as Executive Chairman, and the Board expressed gratitude for his contributions. Marc Thomas Murtra Millar was appointed as the new Executive Chairman, with authority to steer the company through its next phase, reflecting its evolving corporate structure.

More about Telefonica

Telefónica, S.A. operates in the telecommunications industry, providing a wide range of services including fixed and mobile telephony, broadband, and digital solutions. The company is one of the largest telecom operators globally, with a significant presence in Europe and Latin America.

YTD Price Performance: -0.74%

Average Trading Volume: 717,269

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $22.61B

Learn more about TEF stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App

Latest News Feed

More Articles