The Ferrovial board consists of twelve seats, plus an additional one for the secretary. Present at the meeting are only Rafael, the president, and María, although the Del Pino brothers collectively own more than 30 percent of the company. The CEO profiles featured include former Ibex-35 executives, leaders from international firms, and long-time figures connected to the infrastructure company.
Independents and proprietary company directors receive annual compensation ranging from 132,000 to 147,000 euros for attending council meetings. The exception is Óscar Fanjul, who serves as vice president and earns above these figures. The two directors at the top, namely the chairman and the chief executive officer, received higher cash remuneration of 4.35 million euros and 2.83 million euros respectively.
The council oversees Ferrovial’s relocation of its headquarters to the Netherlands before the listing in the United States. After the council’s resolution, approval rests with the Shareholders Meeting scheduled for Thursday, April 13, following the presentation of the results.
Ferrovial will appoint a board with two headquarters
Who makes up Ferrovial’s Board of Directors?
Santiago Ortiz Vaamonde serves as Ferrovial’s Board Secretary since 2009, following the absorption of Cintra. He is a state attorney currently on leave and holds a doctorate in law from the Complutense University of Madrid. Before joining the infrastructure firm, he worked as a partner in Procedural Law and Public and Regulatory Law at the law firm Cuatrecasas.
Alicia Reyes serves as the independent director of Ferrovial. She studied at Pontifical University of Comillas.
Alicia Reyes joined the firm in 2021 as an independent director. She has a banking background, with experience at Wells Fargo, TSB Bank, Barclays, and Deutsche Bank. She previously led Bear Stearns in Spain, which was absorbed by JPMorgan, and held roles as chief investment officer at Abengoa’s tech investment fund.
Hildegard Wortmann is Ferrovial’s independent director. She joined in 2021 alongside Alicia Reyes. Her background lies in the automotive sector, having held roles at BMW, Volkswagen, Audi, and Porsche.
Gonzalo Urquijo is an independent director who joined Ferrovial in 2019 after the departure of Santiago Bergareche. He has led roles as CEO of Talgo, chairman of Abengoa, chairman of ArcelorMittal, and director of Gestamp.
Urquijo’s past roles place him among Ibex-35 veterans: former CEO of Talgo, chairman of Abengoa, chairman of ArcelorMittal, and director at Gestamp.
Juan Hoyos is an independent director who has served since 2019. He acts as adviser to Inmoglaciar and has ties to Gescobro, a debt collection firm. His earlier career includes partnership and directorship at McKinsey, work for Banco Santander in Spain and Latin America, and leadership at Haya Real Estate.
Former President Aznar was not a Ferrovial shareholder, though he bought 5,000 shares for 136,350 euros on March 6 according to Europa Press.
Bruno Di Leo is an independent director appointed in 2018. He specializes in technology and innovation, with a long tenure at IBM in Latin America and Brazil, and currently holds a managerial role at Cummins. He participates in programs at IESE in Spain.
Hanne Sørensen serves as an external independent director, joined in 2017. Her career spans leadership roles in logistics and governance across automotive and engineering sectors, including Jaguar Land Rover, Tata Motors, Sulzer, Tata Consultancy Services, and Holcim.
Philip Bowman has served as an independent external director since 2016. He was involved in the Scottish Power sale and has advised Majid Al Futtaim, a billionaire with diversified interests in real estate and business across Asia and Africa. Bowman’s Spain-specific work includes shaping Ferrovial’s growth strategies during his tenure.
José Fernando Sánchez-Junco is Ferrovial’s external manager. A long-time Ferrovial associate since 2004, he became an independent director in 2021 after more than a decade as an external director.
Leopoldo del Pino, a major shareholder, raised questions about Sánchez-Junco’s age when the shareholder group sent a letter before the April meeting.
María del Pino is Ferrovial’s registered manager and a powerful council member, ranking as the second-largest shareholder with about 8.2 percent. Her influence spans decision-making within Ferrovial, and she directs the Rafael del Pino Foundation, known for philanthropic work and governance roles beyond Ferrovial.
Óscar Fanjul stands as vice president and external independent director. He has been a prominent figure in the investment community, including leadership at Omega Capital alongside Alicia Koplowitz. Fanjul has served as an external and independent director since 2015 and as vice president since 2020, having initiated his current role alongside the CEO. He also has connections to other major Spanish business figures.
Ferrovial’s CEO is Ignacio Madridejos. Since 2019, he has led the company, having succeeded Íñigo Meirás. Madridejos began his Ferrovial career in 1990 as a site manager and later built a career at McKinsey, Agroman, and Cemex. Under his leadership, Ferrovial launched the 2020-2024 Strategic Plan Horizon 24, focusing on highway development to reduce emissions and expand international reach.
Rafael del Pino, the president, remains the company’s central figure. He is Ferrovial’s largest shareholder, holding around 20.44 percent of the company, and also serves as CEO and registered director. His long tenure began under his father’s leadership, and he studied road, canal, and harbor engineering before taking the helm in 1992, a role he has held for more than two decades.