Rosauro Varo leaves his positions at Telefónica and extends the renewal of the board of directors of Movistar+

The businessman Rosauro Varo He formally announced his voluntary resignation this Monday. in the position of vice president and director of Telefónica Audiovisual Digital, the company that operates Movistar Plus+, as well as the advisory board of Telefónica Spain, which he joined at the end of 2022.

Rosauro Varo has justified his departure from the company by the fact that he wants a greater dedication to your projects and in the convenience of ending his time at the Spanish multinational, as El Confidencial has reported and sources familiar with the matter cited by the EFE agency reported this Monday.

Rosauro Varo was elected to these positions during the era of José María Álvarez-Pallete, who was replaced by Marc Murtra a year ago. The businessman was summoned to testify as a witness by Judge Juan Carlos Peinado, in the case he is investigating against Begoña Gómez, in relation to the Chair of Corporate Transformation that he co-directed at the Complutense University of Madrid.

Varus In February 2021, he replaced Josep Oughourlian as vice president of Prisaafter the latter assumed the position of president, replacing Javier Monzón. He resigned from his duties in 2023. He is president of GAT Inversiones, a private investment company, and director of Acciona Energía, among others.

Likewise, he has had seats in the highest decision-making bodies of media outlets such as the newspaper ‘El País’, the Prisa group and the online newspaper ‘El Español’, to which is added that he was vice president of the virtual mobile operator PepePhone (which now belongs to MasOrange). Telefónica has not yet decided who will replace Rosauro Varo and the director’s departure has not yet been made official by the company.

Renewal of the Movistar+ board

The board of directors of Telefónica Audiovisual Digital It has been almost completely renovated this yeargiven that except for María Yolanda Barcina Angulo (appointed in July 2016) and Rosauro Varo himself, the rest of the members of the subsidiary’s highest decision-making body have been appointed in 2025.

In fact, the most important change that has been made to the board of directors of Movistar+ since the arrival of Marc Murtra to the presidency of Telefónica in mid-January of this year has been the appointment of Javier de Paz as president of the body at the beginning of last March, when he replaced Sergio Oslé (new executive president of Mediapro) in the position.

Another of the changes implemented in the management structure of Movistar+ since Murtra’s arrival at Telefónica was the appointment of Daniel Domenjó as CEO of Movistar+a position in which she replaced Cristina Burzako, who after her departure signed for the American fund Providence, where she will lead the investment firm’s sports and well-being vertical.

Added to these changes are the signings of the former president of the PNV Andoni Ortuzar and Marcos Contreras, an independent member of CriteriaCaixa, one of the largest shareholders of Telefónica. Daniel Clivillé, a director with whom Murtra has met in several companies and who replaced Verónica Pascual in the position, also recently joined the board of Movistar+.

Specifically, Murtra coincided with Clivillé in the Barcelona sustainable parcel company Karibou, whose board of directors was chaired by Clivillé between December 2023 and this past November and of which The current president of Telefónica took part in a similar period (it entered in 2023 and left it in the middle of this year).

In addition to Karibou, Murtra and Clivillé’s professional careers also crossed at the financial advisory firm specialized in corporate operations Crea Inversión. Murtra was managing partner of Crea Inversión between 2016 and 2019 (between 2011 and 2016 he was a partner), while Clivillé has been a partner of the advisory firm since May 2017.