Gonzalo Martín-Villa (pictured) has been confirmed to run Spain-based telecommunications firm Telefónica’s Open Future corporate venturing initiative as well as keeping the chief innovation officer he has held since the end of 2015.

The promotion follows the recent departure of Javier Placer, ranked 23rd on the Global Corporate Venturing Powerlist in 2017.

Placer took over corporate venturing and open innovation strategy at Telefónica in 2013, two years after joining the company. He had been expected to leave in autumn at…