Today, Repsol YPF's Board of Directors appointed Jose Manuel Loureda and Manuel Raventós as new board members, classified as institutional outside directors of Sacyr Vallehermoso and Caja de Ahorros y Pensiones de Barcelona "la Caixa", respectively.
Manuel Raventos, third vice chairman of "la Caixa", replaces Ricardo Fornesa, chairman of stated entity. José Manuel Loureda, Board Member of Sacyr Vallehermoso, replaces the outgoing independent outside director Ignacio Bayón.
In representation of the Board, Antonio Brufau, Chairman of Repsol YPF, welcomed the new board members and expressed its thanks to Ricardo Fornesa and Ignacio Bayón for their professional contributions during their tenure.
Mr. José Manuel Loureda Mantiñán
Civil Engineer, initiated his professional career at Ferrovial, where he attained the post of Deputy Director of Construcction. Founder of Sacyr, and CEO until the year 2000, and subsequently the chairman of the Board, was named chairman of the Group after the merger between Sacyr and Vallehermoso. Currently, he is member of the Board of Directors of Sacyr Vallehermoso, as well as chairman of Valoriza, a service company subsidiary of the group.
Mr. Manuel Raventós Negra
Agricultural Engineer by Escuela Técnica Superior de Ingenieros Agrónomos of Madrid, has an extensive professional curriculum noting his outstanding experience as third vice chairman of the Board of Directors of "la Caixa", vice chairman of the Board of AGBAR and chairman and CEO of Cava Raventós i Blanc. Additionally, he is Director of the Patronal Catalana Foment del Treball Nacional, Escuela Superior de Administración y Dirección de Empresas (ESADE) and Institució Cultural del CIC.