Escriva does not rule out the appearance of a second SEPI advisor at Telefonica

The Minister of Digital Transformation and Public Functions, José Luis Escriva, has left open the possibility that the government could appoint a second adviser representing the State Society for Industrial Participation (SEPI) on the Telefónica board of directors. when it reaches its target of achieving 10% equity, EP said.

“This will be seen over time,” he said in a statement to the media this Thursday. Escriva’s announcement comes after he proposed on Tuesday that Carlos Ocaña become the state’s representative through SEPI on the company’s board of directors, chaired by José María Álvarez-Pallete.

Hours after the appointment was announced, Telefonica announced in a statement the voluntary resignation of Carmen García de Andrés as director of Telefonica “for personal reasons and to facilitate the process of orderly renewal of the board of directors.” . Telefonika administration. This would put the company in violation of future State parity laws.

Likewise, this Wednesday it was announced that the state continues to promote its presence in the Telecom shareholding, having already exceeded 7% of the capital.