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Composition of the Board of Directors

The Telefónica Board of Directors responds to the needs of an international Company which operates globally, in order to make the possibilities offered by the new digital world a reality.

With the help of its Committees, the Telefónica S.A. Board of Directors carries out its work in accordance with regulations covering Corporate Governance, which are primarily contained in the Corporate Statutes, in the Regulations for the General Shareholders' Meeting and in the Regulations of the Board of Directors.

The Board of Directors is the body which supervises and controls Company business, bearing sole responsibility, among other things, for the general policies and strategies of the Company, which include those related to Corporate Governance, Corporate Responsibility, remuneration of Directors and Senior Management and shareholder remuneration, together with strategic investments.

To strengthen the Corporate Governance of the Company, the Telefónica S.A. Board of Directors has eight Committees, to which it entrusts the study and monitoring of areas of particular relevance.

Furthermore, in accordance with its Regulations, the Board of Directors entrusts the ordinary management of the business to its executive bodies and to the Telefónica S.A. management team.

More detailed information regarding this matter can be found in the Annual Corporate Governance Report and in the Annual Report on the Remuneration of Directors, both available on the corporate website.

 

Executive
Committee

Audit and
Control

Appointments, Remuneration and Corporate Governance

Institutional
Affairs

Regulation

Quality of
Service and
Customer Care

Innovation

Strategy

Mr. César Alierta Izuel (Executive Chairman)

             
Mr. Isidro Fainé Casas (Vice-Chairman)              

Mr. José María Abril Pérez (Vice-Chairman)

           

Mr. Julio Linares López (Vice-Chairman)

         

Mr. José María Álvarez-Pallete López (CEO)

             

Ms. Eva Castillo Sanz

         

Mr. Carlos Colomer Casellas

     

Mr. José Fernando de Almansa Moreno-Barreda

         

Mr. Francisco Javier de Paz Mancho

       

Mr. Peter Erskine

       

Mr. Santiago Fernández Valbuena

               

Mr. Alfonso Ferrari Herrero

 

Mr. Luiz Fernando Furlán

               

Mr. Gonzalo Hinojosa Fernández de Angulo

 

Mr. Pablo Isla Álvarez de Tejera

             

Mr. Antonio Massanell Lavilla

       

Mr. Ignacio Moreno Martínez

         

Mr. Chang Xiaobing

               

Mr. Ramiro Sánchez de Lerín García-Ovies (Non-voting Secretary)

               

Ms. María Luz Medrano Aranguren (Non-voting Vice-Secretary)

               

Members of the Board

Executive Chairman

Law degree from the University of Zaragoza, and Masters of Business Administration from the University of Columbia, New York.

Board member of China Unicom (Hong Kong) Limited and International Consolidated Airlines Group (IAG). Trustee of the Caixa d’Estalvis i Pensions de Barcelona Banking Foundation (“la Caixa”).

Member of Columbia Business School Board of Overseers, President of the Social Council of the National University of Distance Learning ("Universidad Nacional de Educación a Distancia" (UNED)), and the Competitiveness Business Council.

Among other offices held, he was the Founding President of the Beta Capital Society, President of the Spanish Institute of Financial Analysts, and President of Tabacalera, S.A.

Vice-Chairman

Doctor of Economic Sciences. Diploma in Senior Management from IESE. ISMP in Business Administration from the University of Harvard. Financial Analyst and Member of the Royal Academy of Economics and Finance.

He is President of the Trustees of the Caixa d’Estalvis i Pensions de Barcelona Banking Foundation (“la Caixa”), of Caixabank, S.A., of Criteria Caixaholding, S.A., and of the Spanish Confederation of Savings Banks; 1st Vice-President of Repsol, S.A, of the European Savings Banks Group (ESBG) and of the World Savings Banks Institute (WSBI). Furthermore, he is a member of the Board of the Banco Português de Investimento, S.A. (BPI), Non-executive Director of “The Bank of East Asia”, of Suez Environment Company and of Gas Natural SDG, S.A.

Vice-Chairman

Degree in Economic Sciences from the Commercial University of Deusto, and Professor, for nine years, at said University.

Among other offices, he has been Managing Director of Wholesale Banking and Investments at BBVA, S.A. and member of its Directorate Committee. Furthermore, he has been Financial Director of SAAL and Sancel-Scott Ibérica, Executive Coordinator of Banco Español de Crédito, S.A., Managing Director of the BBV Industrial Group, Board member at Repsol, Iberia and IBV Corporation, and Vice-President of Spanish Stock Markets (“Bolsas y Mercados Españoles” (BME)).

Vice-Chairman

Telecommunications engineer, he joined the Telefónica Group in May 1970 in the Research and Development Centre, and since then he has had various responsibilities at Telefónica, such as CEO of Telefónica Multimedia, Executive Chairman of Telefónica España, Chairman of the Supervisory Board of Cesky Telecom, Managing Director of Coordination, Business Development and Synergy, and CEO of Telefónica, S.A.

He is a member of the Board and Executive Committee of the GSM Association. Furthermore he is a Trustee of the Mobile World Capital Barcelona Foundation, of the Spanish Confederation of Directors and Executives Foundation (CEDE), and of Fundación Telefónica. Furthermore, he is a member of of the Steering Committee of the Association for Progress in Management and the Social Council of the Complutense University of Madrid. 

Chief Executive Officer

Degree in Economic Sciences from the Complutense University of Madrid. Studies in Economic Sciences at the Université Libre of Brussels, in Belgium. International Management Program (IMP) from the Pan-American Institute of Management Development (IPADE). Diploma in Advanced Studies (DEA) from the Faculty of Financial Economics and Accountancy of the Complutense University.

Currently he is CEO of Telefónica, S.A., having previously held various positions within the Telefónica Group since 1999, including Chairman of Telefónica Europe, Chairman of Telefónica Latin America and COO of Corporate Finance at Telefónica, S.A., among others.

He previously worked at Arthur Young Auditores, Benito & Monjardín/Kidder, Peabody & Co. and Cementos Portland (Cemex). He has been a Board member of Cemex Singapur, China Netcom Group Corporation Limited and Portugal Telecom SGPS, S.A.

Board member

Degree in Law and Business from the Comillas Pontifical University, ICADE (E-3) in Madrid.

Currently she is Chair of the Supervisory Board of Telefónica Deutschland Holding, AG, and Independent Board member of Bankia and Visa Europe. Furthermore, she is a Trustee of Fundación Telefónica, the Comillas-ICAI Foundation and the Entreculturas Foundation.

Among other positions, she has been Chair and CEO of Telefónica Europe, Chair of the Supervisory Board of Telefónica Czech Republic, a.s. and Board member of Old Mutual, Plc.

She held various offices at Merrill Lynch until she was named Head of Merrill Lynch Private Bank for Europe, the Middle East and Africa (EMEA), a position which she held until December 2009.

Board member

Graduated in Economic Sciences from the University of Barcelona, and holds a degree in Business Administration from IESE (Barcelona).

He is President of Ahorro Bursátil, S.A. SICAV, of Inversiones Mobiliarias Urquiola, S.A. SICAV, and of Haugron Holdings, S.L.

Furthermore, he is an independent Board member of Abertis Infraestructuras, S.A. and MDF Family Partners.

Until 2013 he was President and CEO of The Colomer Group, having previously held other positions, such as President CEO of Henry Colomer, S.A. and Haugron Cientifical S.A., President of Revlon for Europe and International, and Executive Vice-President and CEO of Revlon in New York.

Board member

Degree in Law from the University of Deusto (Bilbao).

Joined the Diplomatic Service in 1974. From 1976 to 1992 he held various positions in Spanish diplomatic missions: Brussels, Mexico, The Atlantic Alliance and the USSR. From 1993 to 2002 he was appointed Head of Household with Ministerial Rank by His Majesty King Juan Carlos I, being designated Private Advisor to His Majesty King Juan Carlos I.

Furthermore, he is a Board member of Telefónica Brazil, S.A. and of Telefónica Móviles México, S.A. In addition, he is acting Board member of the Financial Group BBVA Bancomer, S.A. and BBVA Bancomer, S.A.

Board member

Degree in Information and Marketing. Studies in Law. Programme for Senior Management of Companies from IESE (University of Navarra).

He is Chairman of Telefónica Management of Shared Services Spain, S.A.U. Furthermore, he is a Board member of Telefónica Argentina, S.A. and Telefónica Brazil, S.A. and Member of the Executive Committee of the Higher Council of Chambers.

Among other positions held, he has been Chairman of Atento Inversiones y Teleservicios, S.A.U., of the National Company MERCASA, Board member of Tabacalera, S.A., Deputy to the President and Director of Corporate Strategy of the Panrico Donuts Group, Managing Director for Internal Trade at the Ministry of Trade and Tourism, and Board member of the Panrico Group.

Board member

Degree in Psychology from the University of Liverpool.

He is President of Ladbrokes, PLC, is on the Advisory Board of Henley Management Centre, and is a member of the Board of Reading University.

He worked at Polycell, at Colgate Palmolive, at the MARS Group and at UNITEL.

Furthermore, he held various positions of responsibility at BT Mobile until being appointed CEO and Chairman of O2 PLC, a position which he held until December 2007.

Board member

Degree in Economic Sciences from the Complutense University, and Doctorate (PhD) and Masters Degree in Economics from the Northeastern University of Boston.

He is Managing Director for Strategy since February 2014. Furthermore, he is Vice-Chairman and Board member of Telefónica Brazil, S.A.

He has been a Member of the Audit Committee of Ferrovial, S.A. since 2008.

Previously, he was Chairman of Telefónica Latin America, Managing Director of Finance and Strategy, and Managing Director of Finances and Corporate Development. He was also CEO of Fonditel, the Group’s Pensions Fund manager.

Before joining Telefónica he was Managing Director of Société Générale Valores and Stock market Director at Beta Capital. He was Senior Professor of Applied Economics at the Complutense University and the University of Murcia, and Professor at the Institute of Business (IE Business School).

Board member

Doctor in Industrial Engineering, specialist in Electronics, from the Higher Technical School of Industrial Engineers at the Polytechnic University of Madrid. Master in Business Administration from the University of Harvard (USA).

He is a Board member of Telefónica Peru, S.A.A. and acting Board member of Telefónica Chile, S.A.

He has been Deputy to the Financial Director of Hidroeléctrica del Cantábrico, S.A., Director of Industrial Investment at Banco Urquijo, and founding member, President and CEO of Beta Capital, S.A. 

Board member

Degrees in Chemical Engineering from FEI (Faculty of Industrial Engineering of Sao Paolo) and in Business from the University of Santana de São Paulo, specialising in Financial Administration from the Getúlio Vargas Foundation of São Paulo.

He is President of the Board of Directors of the Amazon Sustainability Foundation and member of the Global Ocean Commission.

Furthermore, he is a member of the Board of Directors of Brasil Foods S.A. (BRF), Telefónica Brazil S.A., AGCO Corporation and member of the Consultation Committee of Abertis Infraestructuras, S.A.

From 2003 to 2007 he was Minister for Industry, Development and Commerce in the Brazilian Government. Prior to that he was a member of the Board of Directors and Advisor to numerous companies, such as Sadia, S.A., Panamco, and ABN Amro Bank in Brazil.

Board member

Doctor in Industrial Engineering from the Higher Technical School of Industrial Engineers in Madrid.

He is a Board member of Telefónica Peru, S.A.A.

He was Managing Director, CEO and President of the Cortefiel Group until 2006. Furthermore, he was a Board member of Banco Central Hispano Americano, of Portland Valderribas, and Altadis, S.A.

Board member

Degree in Law from the Complutense University of Madrid and State Attorney.

He has been President and CEO of INDITEX Group since 2011. Since 2005 he was Vice-President and CEO.

Previously he was director of Legal Services at Banco Popular (1992-1996), Managing Director of State Heritage at the Ministry of Economy and Tax, and President of the Altadis Group (2000-2005).

Board member

Degree in Economic and Business Sciences from the University of Barcelona.

He is Vice-President of CaixaBank. He is also President of Barcelona Digital Centre Tecnològic (formerly Barcelona Digital Foundation) and non-executive President of Cecabank. Furthermore, he is a member of the Board of Directors of Boursorama, S.A., of Mediterranea Beach & Golf Community, S.A., of Banco Portugués de Investimento, S.A. (BPI) and of SAREB (Management Company for Shares originating from Bank Restructuring).

He is a member of the Plenary of the Barcelona Chamber of Commerce and the Euro Retail Payments Board (ERPB).

During his professional career he has held positions as Board member of various companies, such as Visa Spain, Inmobiliaria Colonial, and as President of Port Aventura Entertainment, S.A.

Board member

Degree in Economic and Business Sciences from the University of Bilbao. Masters in Marketing and Commercial Management from the Business Institute. Masters in Business Administration (MBA) from INSEAD.

Currently, he is CEO of Metrovacesa, S.A. He has worked at Banco de Vizcaya, Banco Santander Business, Mercapital, Corporación Bancaria de España, S.A., Argentaria Bolsa, Sociedad de Valores and Banco Bilbao Vizcaya Argentaria, S.A., where he was Managing Director of the Presidential Area. Furthermore, he was CEO of N+1 Private Equity and a Board member of Secuoya, Grupo de Comunicación, S.A. 

Board member

Professor of Higher Engineering. Degree in Telecommunications Engineering from Nanjing Institute of Posts and Telecommunications, Masters in Business Administration from Tsinghua University on 2001, and Doctor in Business Administration from Hong Kong Polytechnic University. He is Chairman of China United Network Communications Limited, Chairman and CEO of China Unicom (Hong Kong) Limited, Chairman of China United Network Communications Group Company Limited and Chairman of China United Network Communications Corporation Limited.