Tuesday, June 21, 2016

Spanish businessman Villar Mir OHL will hand over the presidency to his son – W Radio

Madrid, June 21 (EFE) .- The president of the Spanish group OHL, Juan Miguel Villar Mir, announced today that he will leave the presidency of the construction group and assign the job to his son Juan Villar Mir de Fuentes, as had advanced on numerous occasions.

“I’m convinced that we are in the time to start a new cycle,” said the businessman, who said he has an “excellent and very prepared” son.

the change in the presidency could occur this year, he advanced to the conference prior to the shareholders of the company press, while noting that should still reflect on the continuity of Josep Pique as CEO, but that any decision in this regard will depend on the Board of Directors.

Juan Jose Villar Mir, 84, is president of the OHL group and the holding company that bears his name and, according to Forbes magazine, has one of the largest fortunes in Spain.

through Inmobiliaria Espacio, one of the subsidiaries of Grupo Villar Mir, businessman veteran controls 58.7% of OHL, one of the largest companies construction and services in the world.

But is not the only firm that is in its portfolio, an umbrella under which also shelter FerroAtlántica-the world’s largest producer of silicon metal-, fertilizer company Villar Mir Fertiberia or Energy.

the OHL group had a net profit of 61.2 million dollars in 2015, 140% more than the previous year, driven by the international activity.

the company is present in some thirty countries, most notably the United States, Canada and Mexico.

in South America, working in Chile, Colombia, Peru, Uruguay, Guatemala and Honduras.

Villar Mir, who presided for 29 years OHL, will continue without time limit in the group that bears his name, but not as a counselor at OHL, where his son now takes up the first vice president. EFE

CSB / vnz / ma / erm

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