Telefónica appoints Abasolo to be CFO as Vilá heads operating businesses
Former CFO to head Telefónica’s worldwide divisions as Laura Abasolo takes over financial role and CIO Phil Jordan leaves
Telefónica has reorganised its operating structure, with CFO Ángel Vilá promoted to head the company’s five operating divisions in Europe and Latin America.
At the same time Laura Abasolo will be the new CFO and global chief information officer Phil Jordan will leave the company. Abasolo will report to CEO José María Alvarez-Pallete. She was director of planning, accounting and control.
Vilá’s official new title is chief operating officer, but he is effectively CEO of the company’s five operating regions, Spain, Brazil, Latin America, Germany and the UK. The group’s chief commercial digital officer and the chief global resources officer will both report to him.
Telefónica uses the O2 brand in Germany and the UK and the Movistar brand in Spain and other countries.
Vilá, who trained as an industrial engineer, has been with Telefónica for 20 years and became CFO of Telefónica Internacional in 1998.
Álvarez-Pallete said he wanted to “redesign the company’s organisational model to accelerate business growth, facilitate achievement of new goals and objectives and boost the new values that will govern corporate life in the coming years”.
The purpose, he added, was for Telefónica to reach “the highest relevance in the lives of its customers”.
As well as Jordan, who joined Telefónica from Vodafone – where he had also been CIO – in 2010, other departures include Julio Linares from the main board, though he will be proposed as a member of the board of directors of Telefónica Brasil and Telefónica Deutschland. Luis Blasco, until now chairman of video in Spain, will also leave.
Telefónica’s Open Future unit will be integrated into the innovation area, led by Gonzalo Martín-Villa. Enrique Lloves, director of corporate development, will become head of a new strategy and corporate development area.