Telefónica, in addition to the legal presidency of the Central American holding company, has approved new changes in different chapters proposed by Peru.
In Peru, the company integrated the positions of the president and CEO, as in other countries, and formed the figure of the executive chairman. Teleco chose Pedro Cortez for the mail. Since 2006, the first director in the country was Javier Manzanares. Peru is a historic country for Telefónica, which accounts for about 5% of the group's income. Cortez, along with Telefónica for more than 20 years and in early 2018 before returning to Peru, was perhaps the most problematic market for teleco in Venezuela, due to the economic and social crisis.
Telefónica del Perú, which saw an increase in competition this year (revenue fell 4.3% in the third quarter), is awaiting the renewal of the landline license for the period between 2027 and 2032.
The operator's board was created by Cortez himself, along with José María del Rey Osorio, director of Telefónica Brasil; Alfonso Ferrari and Gonzalo Hinojosa, former directors of Telefónica; and Bernardo Quinn, current CEO of the South Division of South Carolina, and board member of the parent company.
In addition, the company renewed the board of Telefónica Centroamérica Inversiones with the appointment of Juan José Haro Seijas as the new president replacing Javier Ariza. The Haro regulatory expert is the senior manager of the company. Elena Maestre, Management Control Manager at Telefónica, joined the Board of Directors.
According to the operator, the appointment of Seijas is legal and is not enforced. The businesses in Central America are located in the Hispanoamérica Norte, chaired by Alfonso Gómez del Palacio. Telefónica Centroamérica Inversiones is a holding company with subsidiaries in Panama, Guatemala, El Salvador and Nicaragua.
Last week, Telefónica left Brazil with the departure of Ramiro Sánchez de Lerín. has announced changes in the board of directors.
The speculation in the market continues with the possible sale of the Telefónica Centroamérica. Millicom figure among the bidders. Recently conference call Prior to questions about analysts and possible sales, the group's CEO, Angel Vilá, commented and confirmed that evolution is good. In 2013, Telefónica sold 40% of this business to Corporación Multinversiones for 380m euros.