Grifols’ new CEO takes office on April 1

Grifols’ board of directors agreed to appoint Nacho Abia as the new CEO and new director through the joint election system.This is as reported to the National Securities Market Commission (CNMV) by the blood products company on Tuesday. After assuming the position of CEO, effective April 1, Abia will temporarily be placed in the category of other outside directors until he becomes executive director.

Grifols’ next CEO is a senior executive with 25 years of experience in international management, having worked for listed companies. from the life sciences and medical technology sectors. Abia is part of the board of directors of AdvaMed (Association for Advanced Medical Technology) in the United States, the board of directors of the United States-Spain Chamber of Commerce, and is also a member of the board of trustees of ‘Lehigh Valley Health’. Network’ is a system hospital consisting of 13 hospitals and multiple health centers in Pennsylvania.

He previously served on the board of directors of Evident Corporation, which operates in the life sciences and industrial solutions space. Abia’s appointment as director must be approved at the next Grifols shareholder meeting.

Changes in governance

With Grifols, the eternal dilemma affecting companies controlled by relatives is revived: work and family. The Catalan blood products multinational was forced to remove members of the founding family from management after Gotham City, which took it to court, condemned allegations of accounting maneuvers with Scranton, the company where the family is based, to reduce the company’s debt. load.

Related news

As the current president of the fragrance and cosmetics company Puig stated at a conference at the Cercle d’Economia some time ago, Marc PuigAccelerating plans to go public: “Genes are not always passed on: Pablo Picasso “He didn’t paint like his father.” Most of these companies recognize that in most cases it is necessary to separate ownership and management.

Theorists use a model of three overlapping circles: property, family and business. There are seven categories, from family members who are not involved in the business but are descendants or spouses of the owners, to family shareholders who work in the business. Over time, many of these companies professionalized management, as did Puig himself. And especially if they are listing on the stock exchange or want to do so.

Source: Informacion

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