Telefónica chief executive Marc Murtra has moved the company's entire senior leadership team to Brazil, according to EL PAÍS. The relocation comes while Spain's election campaign is in progress, the outlet reports.
EL PAÍS describes the move as affecting the full top layer of the Spanish telecom group's management. The report does not detail how long the executives will stay in Brazil or which specific roles are involved.
The timing places the decision within an active political campaign in Spain, according to the outlet's framing. Telefónica is one of the country's largest companies, and EL PAÍS presents the shift of its leadership to Brazil as notable given that context.
The report, published on Wednesday, does not state a reason for the relocation or link it to any specific event beyond the election period.
What to watch next: whether Telefónica or Murtra comments publicly on the purpose and duration of the leadership move, and how the arrangement develops as the campaign continues.
