State-owned SEPI proposes to replace Telefonica CEO
1. SEPI proposes replacing Telefonica CEO Alvarez-Pallete, who has led since 2016.
1. SEPI proposes replacing Telefonica CEO Alvarez-Pallete, who has led since 2016.
Leadership changes can create uncertainty, potentially affecting investor confidence in TEF.
CEO changes can significantly influence company strategy and investor perception.
Immediate market reaction likely, but long-term impact depends on new leadership direction.