Victor Grifols Roura steps down as company chair, while Grifols names Steven F Mayer as the new chief executive officer. The leadership transition prompts a bylaw adjustment that permits the chair role to be held by an executive director, provided that such appointment is approved by a two-thirds majority of the board. This change, communicated to the CNMV, reflects a deliberate shift in governance designed to align strategic leadership with financial discipline. Victor Grífols Roura, a veteran of the business with more than five decades of service across Grifols and more than 30 leadership roles including CEO, has been elevated to honorary chairman in recognition of his enduring contributions. He will continue to serve as a member of the Board of Directors, ensuring continuity and institutional memory as the company navigates this critical transition. Grifols remains a registered director, underscoring the enduring link between the family legacy and the corporate identity that has shaped the group since its early days.