Repsol approves the output of 41 directors following the integration of Talisman – Investing.com Spain

Madrid, 17 mar (EFE) .- The Repsol (oil MC has decided to reduce the management of the company by output of 41 directors, a restructuring that comes after the integration of the Canadian company Talisman (tO :), acquired last year.

Among the projections are the current general director of People and Organisation, Cristina Sanz Mendiola, CEO and Strategy, Pedro Fernandez Frial, the company says in a note sent to the Comisión Nacional del Mercado de Valores (CNMV).

Both have developed a long career in the oil, in which Fernandez Frial began working in 1980 in the Refining and Sanz Mendiola in 1994, with the position of director of the Environment.

the output of the 41 managers followed age criteria and explains the oil, aims to advance ” the challenges and opportunities following the integration of Talisman “.

the company has not given details on the process output of this group of managers.

Repsol acquired Talisman in May of the year past and, after making the integration of both companies, has designed a new strategy for the next five years marked by reduced investment, cost savings and assets sold 6,200 million euros.

as indicated by the Union of Repsol (STR) after the approval of the new plan, in the next three years there will be a workforce reduction of approximately 1,500 people.

Disclaimer: Fusion Media would like to remind you That the data Contained in this website is not Necessarily Real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices May not be accurate and May Differ from the actual market price, meaning prices are indicative and not Appropriate for trading purposes. Fusion Media doesn`t bear THEREFORE any Responsibility for any trading losses you incur as a result Might of using esta data.

Fusion Media or anyone Involved With Fusion Media will not accept any liability for loss or as a result of damage reliance on the information Including data, quotes, charts and buy / sell signals Contained Within this website. Please be fully Informed Regarding the Risks Associated With costs and trading the financial markets, it is one of the riskiest investment forms possible.