State-owned SEPI proposes to replace Telefonica CEO
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State-owned investment fund SEPI has proposed to replace Telefonica's CEO, Jose Maria Alvarez-Pallete, who has been leading the company since 2016.

January 18, 2025 | 12:00 pm
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SEPI, a state-owned investment fund, has proposed replacing Telefonica's CEO, Jose Maria Alvarez-Pallete, potentially impacting the company's leadership and strategic direction.
The proposal to replace the CEO could lead to uncertainty about the company's future strategy and operations, potentially affecting investor confidence and stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80