Following a proposal from the Nomination and Compensation Committee, Repsol’s board agreed today to propose to shareholders at the May 14th annual general meeting the appointment of Maria Isabel Gabarro Miquel as an independent member of the board.
Maria Isabel Gabarro Miquel would fill the vacancy caused by the resignation of Antonio Hernandez-Gil, who will give up his seat as independent board member at the AGM, following a recommendation from the Unified Good Governance Code regarding the maximum tenure of independent members (Hernandez-Gil has been on the board since June 6th 1997).
The proposal to appoint Maria Isabel Gabarro Miquel is in accordance with the company’s policy to include on its board experienced national and international representatives of the energy sector who are outstanding in their profession. A working public notary, Maria Isabel Gabarro has sat on the board of large energy, financial infrastructure, telecommunications and real-estate companies.
During the board’s meeting, Repsol’s Executive Chairman Antonio Brufau expressed his full support for the proposal and thanked Antonio Hernandez-Gil for his dedication contribution and loyalty to the company during his years as board member, and also for his initiative and example regarding transparency and good governance.
Proposed makeup of the Board
MARIA ISABEL GABARRO MIQUEL (Barcelona 1954)
Obtains Law Degree at the University of Barcelona in 1976.
Notary registered with the Barcelona Bar. Joins the Bar of Notaries in 1979. Board member of Caixa d’Estalvis i Pensions de Barcelona as well as listed companies including Fuerzas Electricas de Cataluña (Fecsa), Inmobiliaria Colonial, Gas Natural and Abertis.
Member of the Sociedad Economica Barcelonesa de Amigos del País. Collaboration on numerous legal publications.