The General Meeting of Shareholders of Telefónica re-elected José María Álvarez-Pallete as executive director (chairman) with a support of 84.6%, higher than the 80.2% obtained in 2017. The Board also approved the election of other counselors and board members and the management corresponding to fiscal year 2020.
In addition, Telefónica presented a new corporate identity that reflects "the new Telefónica resulting from the strategic plan presented in November 2019", as it is said in a statement, in which it assured that the image "captures the leadership, potential and vision of the future of the company".