Fainé is going to president of Natural Gas and leaves his position in the Repsol – The Universal

Madrid.— You to Boston, I to California. The president of the Foundation la caixa, Isidre Fainé, and the president of Repsol, Antonio Brufau, have separated their ways after more than 20 years of sharing tips. Since yesterday, Fainé assumes the presidency, a non-executive of Natural Gas, but leaves the first vice-president of Repsol and Brufau will continue as non-executive chairman of the oil, but leaves it, in turn, the first vice-president of the gas company.

Both companies, however, will continue to be bound by the shareholding portfolio, although the company has no obligation to maintain its position in Natural Gas. Caixabank maintains 10% in the oil companies, like Repsol has maintained the same participation in the gas.

After these announcements, the looks were put in Telefónica, where Fainé holds a chair with the rank of vice-president on behalf of Caixabank, but in various sources is precluded his departure.

According to marked the indent of the board of Gas Natural Fenosa announced at noon your new composition in that there was no surprise. The approved changes were anticipated, the entry of Josu Jon Imaz in replacement of Brufau and the landing of the fund GIP, who was appointed vice-president to Bill Woodburn, as the advanced elEconomista, accompanied by Raj Rao, a partner responsible for energy and Mario Armero, director general of the employers ‘ association Anfac, as directors. Woodburn was president of GE Infrastructure and in the background is a partner in the water business.

For the Criteria, in addition to the rise of Isidro Fainé shall be two members: the vice-president of the entity, Alejandro García-Bragado, and the director general, Marcelino Armenter. The members of the holding financial that come out are the president of the CEOE, Joan Rosell, and Heribert Padrol, in addition to our own Gabarró. The Catalan entity will maintain as proprietary director Enrique Alcántara-García.

The board of Gas Natural also will abandon, on the part of Repsol, Demetrio Carceller after the agreement with the National Audience, although it will remain in front of the rest of its businesses and will continue to be Luis Suárez de Lezo and Miguel Martinez.

At Repsol, Antonio Massanell, vice-president of Caixabank, will assume the vice-presidency that leaves Isidre Fainé in the oil.

The board of Gas Natural changed also the regulation to establish a super-majority for approval of certain materials (the acquisition or disposal of assets, approval of the budget and strategic plan, modification of the dividend policy or the subscription, or modification of contracts).

Salvador Gabarró, said yesterday that he was leaving the position "with the satisfaction of duty fulfilled and have contributed to the creation of the great group that it is today, Gas Natural Fenosa, along with all the human talent of the company."

Gabarró has led some of the milestones that have driven the international growth of the company, from EBITDA of billion 279 million euros in the year 2004 to 5 billion 264 million in 2015.

During the session of the Council, Isidre Fainé, thanked the dedication. "Salvador has all my admiration and my recognition, because it is a great professional and an excellent person, who has led one of the largest enterprise transformations of recent years" and applauded the input of the GIP, which disbursed $ 3 thousand 802 million of the purchase transaction of 20% of Natural Gas.