Álvarez-Pallete, president of Telefónica, protagonist of the 'bell ring' on Wall Street
The CEO of Telefónica, José María Álvarez-Pallete, has been the protagonist of the "bell ring" with which the stock market day begins in the New York Stock Exchange. This act took place just a few days after the Spanish operator presented its new action plan with which it focuses its activity on its four main markets.
The great novelty of the New Telefónica was the division of its operations in Latin America in an independent company, something that rewarded the market after the announcement.
The "bell ring" in Wall street It is only one of the most significant acts that Álvarez-Pallete will attend in the US city, since this Tuesday he will receive the award of the Chamber of Commerce of Spain-United States as "business leader of the year".
With this award, the Chamber of Commerce of Spain-United States wants to recognize the ability of the company's executive president to meet the challenges of technological evolution and his leadership in the digital transformation of Telefonica.
The New Telephone
He telecommunications group presented last Wednesday an action plan that will serve as a catalyst for the transformation of the company and that seeks to prioritize markets where it can be relevant and grow in a long-term sustainable model.
It is also new strategy seeks to boost the opportunities of greater growth potential, while leveraging the value of its infrastructure, as well as increasing the agility and improve the efficiency.
Specifically, the plan includes five measures, These include focusing its focus on its activities in Spain, Brazil, the United Kingdom and Germany; split its Latin American subsidiary into a single company with "all options open"; create two business units, Telefónica Tech and Telefónica Infra, and redefine the corporate center with changes in the structure of the company's executive committee.