Spain’s Telefonica longtime CEO to step downMarch 29, 2016 - 16:21 AMT PanARMENIAN.Net - Spanish telecommunications company Telefonica said its longtime chief executive will step down after 16 years on the job but plans to remain on the company's board. Telefonica SA said in a statement that Cesar Alierta is proposing Telefonica Chief Operating Officer Jose Maria Alvarez-Pallete as his replacement. Alvarez-Pallete has worked directly under Alierta since 2012 in a process grooming him for the top job. The company said Alierta considers Alvarez-Pallete the executive "most prepared to successfully meet the challenges of the digital revolution." Telefonica is Spain's largest telecommunications company and has extensive operations throughout Latin America and in Germany. Telefonica's board will meet April 8 to consider naming Alvarez-Pallete to the post. The company did not specify when Alierta would officially step down. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |