Juan Miguel Villar announced his departure from the presidency of OHL – La Jornada Online

Madrid. The Spanish businessman Juan Miguel Villar Mir announced today that leaves the presidency of the OHL Group in the hands of his son, current “number two” after nearly three decades in office.

“I’m convinced that we are in the time to start a new cycle (…) Having years is a reason to think about succession,” he said at a news conference.

the businessman, 84, today formally announced its decision to the shareholders of OHL, one of the most important Spanish construction companies. It is expected that his son, Juan Villar Mir de Fuentes, take the witness this year.

After 29 years as president, Villar Mir will continue without time limit in the group, which holds 58 percent. His son currently holds the vice presidency. In May, it was first commissioned to present the results of the first quarter.

The relay in OHL came a year after the controversy arose in Mexico following allegations of a company for alleged irregularities in their concessions and a few days after leaving the Ibex 35, the main stock index Spain.

to prepare the way for the succession, scheduled for some time, the group’s president appointed in 2013 to Josep pique CEO and vicespresidente second.

Villar Mir (Madrid, 1931) amasses one of the largest fortunes in Spain, according to the magazine “Forbes”. Doctor in Civil Engineering, Channels and Ports and a law degree, became a minister in the first government of the Spanish monarchy, headed by Arias Navarro, after the death of dictator Francisco Franco in 1975.

defender of the monarchy in Spain and the two-party system for decades sustained the Popular Party (PP) and (PSOE) Socialist Party, throughout his career he held various public offices and chaired various companies. He was also a candidate for the presidency of Real Madrid football club. About her figure there are also some shadows. In 2007 he was indicted for misappropriation and forgery in a case finally closed. It was also recently investigated under the so-called “Barcenas case,” investigating an alleged illegal financing of the PP Mariano Rajoy.