Telefónica Management

Management criteria checks 3/4

Telefónica's CEO is Jose Alvarez-Pallete Lopez, appointed in Apr 2016, has a tenure of 7.5 years. total yearly compensation is €6.13M, comprised of 31.4% salary and 68.6% bonuses, including company stock and options. directly owns 0.038% of the company’s shares, worth €8.29M. The average tenure of the management team and the board of directors is 6.3 years and 9 years respectively.

Key information

Jose Alvarez-Pallete Lopez

Chief executive officer

€6.1m

Total compensation

CEO salary percentage	31.4%
CEO tenure	7.5yrs
CEO ownership	0.04%
Management average tenure	6.3yrs
Board average tenure	9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jose Alvarez-Pallete Lopez's remuneration changed compared to Telefónica's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2023	n/a	n/a	€2b
Mar 31 2023	n/a	n/a	€1b
Dec 31 2022	€6m	€2m	€2b
Sep 30 2022	n/a	n/a	€35m
Jun 30 2022	n/a	n/a	€281m
Mar 31 2022	n/a	n/a	€8b
Dec 31 2021	€8m	€2m	€8b
Sep 30 2021	n/a	n/a	€10b
Jun 30 2021	n/a	n/a	€9b
Mar 31 2021	n/a	n/a	€2b
Dec 31 2020	€5m	€2m	€1b
Sep 30 2020	n/a	n/a	€207m
Jun 30 2020	n/a	n/a	-€76m
Mar 31 2020	n/a	n/a	€341m
Dec 31 2019	€5m	€2m	€860m
Sep 30 2019	n/a	n/a	€2b
Jun 30 2019	n/a	n/a	€3b
Mar 31 2019	n/a	n/a	€3b
Dec 31 2018	€5m	€2m	€3b
Sep 30 2018	n/a	n/a	€3b
Jun 30 2018	n/a	n/a	€2b
Mar 31 2018	n/a	n/a	€3b
Dec 31 2017	€5m	€2m	€3b
Sep 30 2017	n/a	n/a	€2b
Jun 30 2017	n/a	n/a	€2b
Mar 31 2017	n/a	n/a	€2b
Dec 31 2016	€5m	€2m	€2b

Compensation vs Market: Jose's total compensation ($USD6.43M) is above average for companies of similar size in the Belgian market ($USD3.30M).

Compensation vs Earnings: Jose's compensation has been consistent with company performance over the past year.

CEO

Jose Alvarez-Pallete Lopez (60 yo)

7.5yrs

Tenure

€6,128,082

Compensation

Mr. Jose Maria Alvarez-Pallete López has been the Chief Executive Officer of Telefónica Latinoamérica, a subsidiary of Telefonica S.A. since 2002. Mr. López has been Chief Executive Officer at Telefónica,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jose Alvarez-Pallete Lopez	CEO & Executive Chairman	7.5yrs	€6.13m	0.038% € 8.3m
Angel Vila Boix	COO & Executive Director	6.3yrs	€4.54m	0.011% € 2.4m
Laura Abasolo de Baquedano	Chief Financial and Control Officer & Head of Hispanoamerica	6.3yrs	no data	no data
Enrique Blanco	Chief Technology & Information Officer	12.8yrs	no data	no data
Adrian Ruano	Head of Investor Relations	no data	no data	no data
Pablo de Carvajal González	Gen. Counsel	5.8yrs	no data	no data
Francisco de Bergia Gonzalez	Chairman of Public Affairs	no data	no data	no data
Marta Machicot	Chief People Officer	5.8yrs	no data	no data
María García-Legaz Ponce	Chief of Staff	no data	no data	no data
Eduardo de Carvalho	Chief Corporate Affairs & Sustainability Officer	3.8yrs	no data	no data
Jose María Alonso	Chief Digital Officer	no data	no data	no data
Mark Evans	Chief Strategy & Development Officer	no data	no data	no data

6.3yrs

Average Tenure

59.5yo

Average Age

Experienced Management: TFA's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jose Alvarez-Pallete Lopez	CEO & Executive Chairman	17.3yrs	€6.13m	0.038% € 8.3m
Angel Vila Boix	COO & Executive Director	6.3yrs	€4.54m	0.011% € 2.4m
Markus Haas	CEO & Chairman of Telefónica Deutschland Holding AG	9yrs	no data	no data
Christian Mauad Gebara	Chairman & CEO of Telefónica Brasil	no data	no data	no data
Jose Echenique Landiribar	Vice-Chairman & Lead Independent Director	7.5yrs	€337.60k	0.0053% € 1.1m
Peter Erskine	External Director	17.8yrs	€252.60k	0.00081% € 176.4k
Isidro Faine Casas	Vice Chairman	29.8yrs	€280.00k	0.013% € 2.8m
Peter Loscher	Independent Director	7.5yrs	€256.60k	0.0032% € 685.8k
Jose Abril Perez	Vice Chairman	16.3yrs	€300.20k	0.015% € 3.2m
Francisco de Paz Mancho	External Director	15.8yrs	€277.80k	0.0014% € 307.0k
Carmen Garcia de Andres	Independent Director	6.4yrs	€185.60k	0.000020% € 4.4k
Maria Garci Blanco	Independent Director	5.5yrs	€196.80k	0.00065% € 141.5k

9.0yrs

Average Tenure

63yo

Average Age

Experienced Board: TFA's board of directors are considered experienced (9 years average tenure).

Telefónica Management

Management criteria checks 3/4

Key information

Recent management updates

Telefónica, S.A., Annual General Meeting, Apr 12, 2024

Telefónica, S.A. Announces Board and Committee Changes

Telefónica, S.A., Annual General Meeting, Apr 07, 2022

Recent updates

Telefónica, S.A. Approves Distribution of Cash Dividend for the Year 2024, Payable on June 20, 2024 and December 19, 2024

Criteria Caixa, S.A.U Engages in Discussions with Management of Telefónica

Sociedad Estatal de Participaciones Industriales acquired a 3.04% stake in Telefónica, S.A. for €700 million.

Telefónica, S.A., Annual General Meeting, Apr 12, 2024

Telefonica's Shares Soar After Spanish Government Unveils Plan to Buy Stake

Telefónica, S.A. Announces Board and Committee Changes

Telefónica, S.A. to Report Q3, 2024 Results on Nov 07, 2024

Telefónica, S.A. Provides Revenue Guidance for the Year of 2023

Telefónica, S.A. to Report Fiscal Year 2023 Results on Feb 22, 2024

Telefonica to Launch EUR 1.97 Billion Bid to Fully Acquire German Unit

Saudi Telecom Company (SASE:7010) acquired a 9.9% stake in Telefónica, S.A. (BME : TEF) for SAR 8.5 billion.

Saudi Telecom Company (SASE:7010) acquired a 9.9% stake in Telefónica, S.A. (BME : TEF) for SAR 8.5 billion.

New minor risk - Share price stability

Telefónica, S.A. Upgrades Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: €0.093 (vs €0.053 in 2Q 2022)

Asterion, Telefonica Reportedly Explore Sale of Spanish IT Infrastructure Group

New minor risk - Share price stability

Upcoming dividend of €0.12 per share at 7.8% yield

First quarter 2023 earnings released: EPS: €0.052 (vs €0.12 in 1Q 2022)

Full year 2022 earnings released: EPS: €0.35 (vs €1.38 in FY 2021)

Upcoming dividend of €0.12 per share

Telefónica, S.A. to Report Q1, 2023 Results on May 11, 2023

Third quarter 2022 earnings released: EPS: €0.08 (vs €0.13 in 3Q 2021)

Telefónica, S.A. to Report Fiscal Year 2022 Results on Feb 23, 2023

Telefónica, S.A. (BME:TEF) acquired Imascono Art S.L.

Telefónica, S.A. Announces Dividend for 2022, Payable in December 2022 and June 2023

Second quarter 2022 earnings released: EPS: €0.052 (vs €1.32 in 2Q 2021)

Telefónica, S.A. to Report Nine Months, 2022 Results on Nov 04, 2022

Global Alconaba, S.L. has signed an agreement to acquire a 7.1% stake in Promotora de Informaciones, S.A. (BME:PRS) from Telefónica, S.A. (BME:TEF) for €34.1 million.

First quarter 2022 earnings released: EPS: €0.13 (vs €0.15 in 1Q 2021)

Telefónica, S.A. to Report Q2, 2022 Results on Jul 28, 2022

Telefónica, S.A. (BME:TEF) acquired Hybridium Ltd from LoopUp Group plc (AIM:LOOP) recently.

Telefónica, S.A., Annual General Meeting, Apr 07, 2022

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age