Repsol’s board of directors, on the recommendation of the Nominating Committee, to the next general shareholders meeting to be held on the second call on 25 May, a new re-election Anthony Brufau as the company’s non-executive chairman and CEO, Josu Jon Imamboth four more years.
Announcing in 2019 that he will leave the post in 2023, Brufau said, This will continue for another period until 2027.He forms a tandem with İmaz at the head of the company.
In this way, the board of the energy company, which has been analyzing a succession plan for Brufau for some time, considered that given the current moment in the world economy, the energy crisis stemming from the war in Ukraine was marked. Sources close to the firm told Europa Press that the company’s decision was to go ahead with the senior executive choosing to guarantee a steady change in the presidency and to continue the model of experience he had combined with Imaz.
Brufau has been director of Repsol since 1996 and has been its chairman since 2004.however, in 2015, he handed over all executive functions to the oil company’s CEO, Josu Jon Imaz.
Mollerusa’s director is now 75 years old and she’s dating With this new re-election, he would become president of the energy company by the age of 79..
His decision to step aside and hand over executive duties in 2015 was accompanied by Brufau’s resignation of $14.25 million in compensation for protection and non-compete, his corresponding compensation for completing these executive duties. Thus, it was agreed that he would only receive a fixed salary of 2.5 million euros, without variables for operating results.
This new re-election as Brufau’s non-executive president will go with 50% deduction in fixed salary up to 1.25 million euros, Sources close to the company told Europa Press.
Dividend of 0.375 euros in January
On the other hand, Repsol will continue to improve on remuneration to its shareholders and will propose at the meeting. Complementary dividend distribution of 0.35 euros Gross payable on July 6 Another dividend of EUR 0.375 gross per share charged to free reservesDistribution is scheduled for January 2024.
In addition, 50,000,000 of the company’s own shares are amortized and a reduction in the capital is decided, and the board of directors is given partial or complete executive power, and it is proposed to the general assembly when deemed necessary. A second capital reduction will be deemed more appropriate or not implemented by redemption of maximum 132,739,605 treasury shares corresponding to 10% of the company’s capital.
With the continuity of Brufau and Imaz, shareholders will also vote. Aránzazu Estefanía Larrañaga was re-elected as directors of María Teresa García-Milá Lloveras, Henri Philippe Reichstul and John Robinson Westtogether Confirmation of appointment by co-election and re-election of Manuel ManriqueAlthough Sacyr ceased to be a shareholder of the oil company last year, he will remain on the company’s governing body.
María del Pino Velázquez, recommended as cindependent external manager
Likewise, the Board of Directors, upon the proposal of the Nomination Committee, Appointment of María del Pino Velázquez Medina as independent external director.
Upon his appointment, the majority of independent members in the composition of the board of directors will reach 73.33% and the number of female members will increase to 40%, in line with best international practices and the recommendations of the Principles of Good Governance for listed companies. National Stock Market Commission.
Velasquez Mathematical Sciences Degree with specialization in Statistics from the Complutense University of Madrid and MBA from IESE in Barcelona. After starting his professional career as a consultant at Accenture and AT Kearney, and working at Banco Santander as the President’s Office and senior Strategic Planning team member, he joined the Airtel (Vodafone) team as Director of Customer Service. Responsible for the strategy and execution of the relationship with the customer through all channels.
He founded the Unisono Group in 1999 to provide services in all aspects of customer experience. Transformation, Business Intelligence, AI and consulting available in Spain, Chile, Colombia and Scotland.
Velázquez was chairman of the board of Unisono until August 2021.the date the company was acquired by Grupo Altice and left Grupo Altice.