November 30, 2020

“The recovery and economic reinvention of Spain go hand in hand with digitization”



The XIX Congress of Directors and Executives, organized by the CEDE Foundation, was held at the Palau de les Arts Reina Sofía in Valencia today with the aim of proposing solutions to overcome the economic impact generated by the covid-19 pandemic with entrepreneurs and managers at the center.

The president of Telefónica, José María Álvarez-Pallete, who shared an analysis table together with the president of Naturgy, Francisco Reynés, and moderated by the head of Deloitte, Fernando Ruiz, focused his proposal on the digitization as a tool to create a more sustainable economy. «It touches the most difficult, relaunching the economy. The recovery and economic reinvention of Spain go hand in hand with digitization, ”said Álvarez-Pallete.

Álvarez-Pallete gave Telefónica’s Digital Pact as an example as an action plan for manage the digital transition by focusing on people and highlighted five points of the same: “Promote digitization for a more sustainable society and economy; address inequalities by investing in digital skills; build inclusive and sustainable connectivity; guarantee fair competition by modernizing fiscal, regulatory and competition frameworks; and improve trust through ethical and responsible use of technology.

The president of Telefónica also referred to the role of digitization in the transformation of employment “We must adapt the education system to fit the business needs of the 21st century. If until now we thought that digital education was the future, now we know that it is already the present ”and he ended his speech by adding that“ a company is what its people are ”.

The Congress also had the participation of different business leaders such as Isidro Fainé, president of the CEDE Foundation and of the «la Caixa» Banking Foundation; Juan Roig, president of Mercadona; José Ignacio Goirigolzarri, president of Bankia, Antonio Garamendi, president of the CEOE and José Luis Bonet, president of the Spanish Chamber of Commerce.

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