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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.