Board of Directors

The Board of Directors, at its meeting held on 28 January 2020, recorded the resignation tendered by Mr. Jordi Sevilla Segura from his directorship, and as a consequence, from his position as non-executive chairman of the Board and of the Company. The Board agreed to immediately activate the Contingency Plan for the succession of the Chair, a Plan which has turned out to be a key tool for the distribution of the Chairman's duties and responsibilities between the CEO, the external Lead Independent Director and the Chair of the Audit Committee, maintaining the CEO’s full executive functions, thus ensuring the normal operation of the Company and its Group.