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    Home > Finance > Spain's Telefonica appoints Emilio Gayo as operations chief
    Finance

    Spain's Telefonica appoints Emilio Gayo as operations chief

    Published by Global Banking and Finance Review

    Posted on March 6, 2025

    2 min read

    Last updated: January 25, 2026

    Spain's Telefonica appoints Emilio Gayo as operations chief - Finance news and analysis from Global Banking & Finance Review
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    Tags:Appointmentmanagementtelecommunicationsfinancial communitycorporate strategy

    Quick Summary

    Telefonica appoints Emilio Gayo as COO amid leadership changes. Marc Murtra, new executive chairman, plans a strategic review and calls for sector consolidation.

    Telefonica Appoints Emilio Gayo as New Chief Operating Officer

    MADRID (Reuters) - Spanish telecoms giant Telefonica has appointed Emilio Gayo as its new chief operating officer, it said on Thursday, in a reshuffle after Marc Murtra took over as executive chairman in mid-January.

    Gayo, 59, joined Telefonica in 2004 and has run its Spanish business since 2018.

    He replaces Angel Vila, who had been in the post since July 2017. Vila is set to take on a role as an adviser to Murtra, the company said in a regulatory filing. Vila will also remain on the board of Britain's Virgin-Media O2 and join the board of Germany's Telefonica Deutschland, according to the filing.

    Gayo will also oversee Hispam, Telefonica's umbrella unit for Latin America that was until now the remit of Chief Financial Officer Laura Abasolo.

    Telefonica also named Borja Ochoa as the new head of Telefonica Spain and Sofia Collado to spearhead Telefonica Tech. Both executives come from defence and IT company Indra, of which Murtra was CEO between 2021 and 2025.

    Murtra, whose appointment in January was met with accusations of political meddling by the Spanish government, has ordered a strategic review before the end of this year and called for the sector's consolidation in Europe to gain "strategic autonomy".

    (Reporting by David Latona; Editing by Susan Fenton)

    Key Takeaways

    • •Emilio Gayo appointed as Telefonica's COO.
    • •Marc Murtra recently became executive chairman.
    • •Angel Vila transitions to advisory role.
    • •Borja Ochoa and Sofia Collado take new leadership roles.
    • •Strategic review and sector consolidation planned.

    Frequently Asked Questions about Spain's Telefonica appoints Emilio Gayo as operations chief

    1Who has been appointed as Telefonica's new COO?

    Emilio Gayo has been appointed as Telefonica's new chief operating officer.

    2What position did Emilio Gayo hold before becoming COO?

    Before becoming COO, Emilio Gayo ran Telefonica's Spanish business since 2018.

    3Who did Emilio Gayo replace as COO?

    Emilio Gayo replaces Angel Vila, who had been in the post since July 2017.

    4What other roles were announced alongside Gayo's appointment?

    Telefonica also named Borja Ochoa as the new head of Telefonica Spain and Sofia Collado to lead Telefonica Tech.

    5What is the strategic focus of the new CEO Marc Murtra?

    Marc Murtra has ordered a strategic review of the company before the end of the year.

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