Telefonica’s board appoints Marc Murtra to replace CEO Alvarez-Pallete

MADRID (Reuters) – Spanish telecom giant Telefonica’s board agreed on Saturday to terminate Chief Executive Jose Maria Alvarez-Pallete’s contract and appoint Indra’s chairman Marc Murtra to replace him, the company said in a filing to the stock market regulator.

(Reporting by Inti Landauro, editing by Aislinn Laing)

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