Telefónica has approved new changes in different divisions, among which Peru stands out, as well as the legal presidency of an American central holding company.
In Peru, the company has created the figure of the executive president, integrating the positions of president and CEO, as is happening in other countries. The teleco has chosen Pedro Cortez for the post. Since 2006, the first director in the country was Javier Manzanares. Peru is an historic country for Telefónica, which contributes about 5% of the group's income. Cortez has been with Telefónica for over 20 years and before returning to Beriw, in the beginning of 2018, he was the most responsible for the teleco in Venezuela, perhaps the most problematic market for the group due to the economic and social crisis.
Telefónica del Perú, who has faced an increase in the competition this year (a 4.3% reduction in the third quarter), awaits the renewal of the fixed telephony license for the period between 2027 and 2032.
The executive board of the operator was formed by Cortez himself, along with José María del Rey Osorio, also director of Telefónica Brasil; former Telefónica directors, Alfonso Ferrari and Gonzalo Hinojosa; and Bernardo Quinn, current Chief Executive of the South South America department and member of the parent company's executive committee.
In addition, the company has renewed the board of directors of Telefónica Centroamérica Inversiones, with the appointment of Juan José Haro Seijas as the new president, instead of Javier Ariza. Haro is the senior manager of the company, a specialist in regulation. Elena Maestre, managing director of Telefónica, has also joined the board.
According to the operator, the appointment of Seijas is legal and not operational. Central American businesses have been included in the Hispanoamérica Norte region, which is led by Alfonso Gómez del Palacio. Telefónica Centroamérica Inversiones is the holding company owned by subsidiaries in Panama, Guatemala, El Salvador and Nicaragua.
Last week Telefónica announced changes to the board of directors of the subsidiary in Brazil, with the departure of Ramiro Sánchez de Lerín.
In the market, speculation continues with the potential sales of Telefónica Centroamérica. Millicom aspirants figure. In the late call conference with analysts, and before the questions about the potential sales, Angel Vilá, the CEO of the group, had been abolished to comment, and confirmed that the evolution had been good. Telefónica sold 40% of this business in 2013 to Corporación Multinversiones at 380 million euros.