Strategic reorganization of ACCIONA and its management team
| Date: 05/11/2009 |
The Board approves management restructuring, and announces new appointments aimed at strengthening senior leadership.
Carmen Becerril, Pedro Martínez and Luis Castilla will be appointed Presidents of the Energy, Infrastructure and Water Divisions with full executive responsibilities.
New Innovation and Sustainability Corporate Department, led by Joaquín Mollinedo. Brings together Regulation, R&D, Sustainability and Quality Control.
Alfonso Callejo, to be appointed head of Corporate Resources. This Department will bring together the areas of Human Resources, Security, General Services and Information Technologies.
Management Committee reinforced with two new appointments.
All changes will become effective January 1, 2010.
In a meeting today at ACCIONA's corporate headquarters, the company's Board of Directors approved top management changes and the creation of new management units. The changes at ACCIONA are part of its strategic reorganization, which also includes a new Positioning & Branding campaign (called "Plan Re_") and the definition of the company's Business Plan 2009-2013.
Organizational changes
In recent years, ACCIONA has undergone a major transformation in which sustainability has been placed squarely at the center of the company's strategy, and Energy, Infrastructure and Water have been defined as ACCIONA's three main pillars of growth.
This significant transformation has given rise to solid results. Over the past five years, ACCIONA's sales have registered a year-on year rise of 13%: in 2008 the company reported 7,208 million euros in sales, and EBITDA (gross operating profit) rose by 21% to 1,069 million euros. In the same period, ACCIONA made investments worth 20,000 million euros and generated 13,000 direct jobs. The company operates in 35 countries, including its ten key markets, and in 2008 it boosted international turnover by 73% compared to 2007, representing 27% of total Group turnover.
In view of this transformation and the new challenges, the changes approved by the board involve the Group's three main operating divisions, Energy, Infrastructure and Water, and its corporate structure.
A) Energy: Carmen Becerril , who has been heading ACCIONA's Corporate Resources Department, will be appointed President of the Energy Division . Esteban Morrás, who formerly led the Energy Division, has submitted his resignation for personal reasons. The Board of Directors wishes to publicly express its thanks to Mr. Morrás for his outstanding contribution.
B) Infrastructure: Pedro Martínez , presently Managing Director of the Infrastructure Division will be appointed President of ACCIONA Infrastructure .
C) Agua: Luis Castilla , presently Managing Director of the Water Division , will be appointed President of ACCIONA Agua.
D) Corporate Departments: Joaquín Mollinedo , until now responsible for Corporate Resources in the Energy Division, will be appointed Chief Innovation & Sustainability Officer , heading a newly created department which brings together the areas of Regulation, Sustainability, R&D and Quality Control. ACCIONA will use the new Corporate Department to channel its R&D efforts and drive its Quality and Corporate Sustainability policies. Within the Department, Juan Ramón Silva will be appointed Corporate Sustainability Manager.
Alfonso Callejo , former General Manager of ACCIONA's Human Resources, will be appointed Chief Corporate Resources Officer , with responsibility in the areas of Human Resources, Security, General Services and Information Technologies.
The other Corporate Departments remain unchanged as regards their functions and heads, namely:
- Chief Financial Officer, Juan Gallardo
- Head of International, Frank Gelardin
- Chief Communications Officer, Pío Cabanillas
- Corporate Development & Investor Relations, Juan Muro-Lara
- Company Secretary and General Counsel, Jorge Vega-Penichet
- Chief of Staff, Macarena Carrión
Therefore, the ACCIONA Management Committee will comprise: José Manuel Entrecanales, Juan Ignacio Entrecanales, Pedro Martínez, Carmen Becerril, Luis Castilla, Macarena Carrión, Juan Gallardo, Frank Gelardin, Pío Cabanillas, Juan Muro-Lara, Jorge Vega-Penichet, Joaquín Mollinedo and Alfonso Callejo.
