Relevant movement in the leadership of Telefónica and Grupo Prisa. The Andalusian businessman Rosauro Varo has been appointed as vice president of the board of directors of the audiovisual division of the telecom (Movistar +), which has led him to abandon his position on the board of directors and the vice presidency of the owner of El País and Cadena Ser understanding that there is an incompatibility between the two positions. This occurs after the group chaired by José María Álvarez-Pallete has sold practically all of its position in the media holding.
Telefónica has announced today the incorporation to the board of Telefónica Audiovisual Digital (TAD) of Varo. The executive, who is one of the main individual shareholders of the operator after the acquisition of shares after the sale of Pepephone and in subsequent years, becomes part of the body as vice president, under the orders of the president and CEO, Sergio Oslé Varona .
This movement has led the businessman to formally submit his resignation to the Prisa board, which has thanked “his performance and dedication.” In the management body of the media group, he had been vice president since February 2021. This resignation will be discussed at the next meeting that will take place next June.