Sacyr Boosts Women in Council by 43%, Pays 0.045 Euro Dividend
Sacyr Proposes Board Changes, Dividend Distribution
MADRID – Sacyr’s board of directors has proposed the appointment of elena Gómez del Pozuelo and María pino Velázquez Medina as autonomous board members. The move aims to increase female representation on the council to 43%, according to a company proclamation.
Shareholders Meeting to address Appointments, Leadership structure
The proposal is slated for a vote at the upcoming Shareholders Board meeting, scheduled for June 12 in Madrid. The meeting will also address the appointment of Pedro Sigüenza, currently the general director of Concessions, as a member of the Council, positioning him as the new CEO.
The changes follow the departures of current board members Raimundo Baroja Rieu, Augusto Delkader Teig, and Adriana hoyos Vega. The restructuring will also streamline the board’s commission structure, reducing the number of commissions from four to three. The new structure will include an Executive Commission,a Corporate Governance,Appointments,and Remuneration Commission,and a Sustainability Commission.
New Board member Profiles
Gómez del Pozuelo brings extensive experience in e-commerce, internet technologies, and digital marketing. she currently serves as CEO of The Friendlycompanies.com and drinkedarios.com, and also holds positions as non-executive president of Womenalia and a board member at Holaluz.
Velázquez Medina has held leadership roles at Accenture, A.T. Kearney, Banco Santander, Vodafone, and Unisono Group (now Intellic), where she was the founder and president. She currently serves as an independent counselor for Rent 4 Bank and Repsol.
Sigüenza to Assume CEO Role
sigüenza, a mining engineer, will assume the role of CEO, separating it from the position of president, which is currently held by Manuel Manrique. Sigüenza previously worked at Bouygues and Dragados, holding positions of increasing responsibility within sacyr Engineering and Infrastructure, Sacyr Industrial, and value environmental services. He played a key role in Sacyr’s expansion into the U.S. and growth in Italy through SIS.
Dividend Distribution Plans
The Board Agenda includes a proposal to authorize a cash dividend payment of €0.045 per share,scheduled for payment in July.
Additionally, the company is proposing a capital increase using benefits or reserves, capped at a nominal amount of €24 million, to facilitate a flexible dividend payment.
Sacyr stated that the “distribution of a cash dividend meets the commitment announced in the strategic plan to make changes in the policy of remuneration to shareholders and allocate at least 225 million euros of cash until 2027.”
Sacyr: Board Changes, Leadership Appointments, and Dividend Plans – Q&A
This article provides data on recent changes proposed by Sacyr, including board appointments, leadership restructuring, and dividend plans. below are answers to common questions about these developments.
What are the key changes proposed by Sacyr’s board of directors?
Sacyr’s board has proposed the appointment of two new autonomous board members: Elena Gómez del Pozuelo and María Pino Velázquez medina. These appointments aim to increase female depiction on the council to 43%, according to a company proclamation. The board is also proposing Pedro Sigüenza, currently the general director of Concessions, as the new CEO.
The main action items are:
- Appointment of Elena Gómez del Pozuelo and María Pino Velázquez Medina as new board members.
- Appointment of Pedro Sigüenza as the new CEO.
- Restructuring of board commissions from four to three.
- Proposal for a cash dividend and capital increase.
When will these changes be voted on?
These proposals will be addressed at the upcoming shareholders Board meeting, scheduled for June 12 in Madrid.
Who are the new board members, and what experience do they bring?
Elena Gómez del Pozuelo: Brings extensive experience in e-commerce, internet technologies, and digital marketing. She is currently the CEO of The Friendlycompanies.com and drinkdearios.com, and holds positions as non-executive president of Womenalia and a board member at Holaluz.
María Pino Velázquez Medina: Has held leadership roles at Accenture, A.T. Kearney, Banco Santander, Vodafone, and Unisono Group (now Intellic), where she was the founder and president. She currently serves as an self-reliant counselor for Rent 4 Bank and Repsol.
Who is the new CEO of Sacyr?
Pedro Sigüenza, currently the general director of Concessions, will assume the role of CEO. He is a mining engineer.
What changes are being made to the board’s commission structure?
The board’s commission structure is being streamlined, reducing the number of commissions from four to three. The new commissions will be:
- Executive Commission
- Corporate Governance, Appointments, and Remuneration Commission
- Sustainability Commission
What are Sacyr’s dividend distribution plans?
Sacyr’s Board Agenda includes a proposal to authorize a cash dividend payment of €0.045 per share, scheduled for payment in july. The company is also proposing a capital increase using benefits or reserves, capped at a nominal amount of €24 million, to facilitate a flexible dividend payment. Sacyr stated that the “distribution of a cash dividend meets the commitment announced in the strategic plan to make changes in the policy of remuneration to shareholders and allocate at least 225 million euros of cash until 2027.”
Summary of Key Changes
| area | Details |
|---|---|
| New Board Members | Elena Gómez del Pozuelo and María Pino Velázquez Medina |
| New CEO | Pedro Sigüenza |
| Shareholder Meeting | June 12, Madrid |
| Board Commission Restructure | Reduced from 4 to 3 commissions |
| Dividend | Cash dividend of €0.045 per share in July |