Madrid, 17 November 2009.-
- He takes the place of JOSE MARIA PEREZ TREMPS, who is retiring
Santiago Ortiz Vaamonde, formerly the company's Legal Counsel, has been appointed by the Board of Directors to the position of General Secretary of Ferrovial as well as Secretary of the Board.
He takes the place of José María Pérez Tremps, who is retiring as planned, culminating an orderly succession process in the position of general secretary under his agreement with the company as a member of senior management. Mr Pérez Tremps is also stepping down from the Board. His retirement comes after completion of the merger with Cintra on 7 December.
Santiago Ortiz Vaamonde, 42, holds a PhD in Law from Complutense University of Madrid and is a former Spanish State Attorney, having ranked first in the entrance examinations. Before joining Ferrovial, he was a partner of the Cuatrecasas law firm in charge of Trial Law and Public and Regulatory Law. He has also worked at the Ramón y Cajal law firm and has taught at the Diplomatic School and Carlos III University.
José María Pérez Tremps holds a degree in Law and he is a former legal adviser to Spain's Council of State. He joined Ferrovial in 1990 and for nineteen years he played a key role in the group's development, specifically in the areas of legal structure and corporate governance.
"This is a planned handover. José María Pérez Tremps has played a vital role in Ferrovial. The company's history over the last twenty years, including the IPO, diversification and internationalization, could not have been written without his contribution, which was decisive at all times. I am convinced that Santiago Ortiz is the right person for this position because of his qualifications and professional experience, as evidenced over the last year-and-a-half in which he has acted as Legal Counsel to the group", said Iñigo Meirás, CEO of Ferrovial.
Ferrovial is one of the world's leading infrastructure groups, with over 100,000 employees in 49 countries and operations in a range of complementary sectors including construction, airport and toll road management and maintenance, and municipal services. The company owns two of the top privately-owned transportation assets in the world: Heathrow airport, in London, and 407 ETR, in Toronto. Over 60% of Ferrovial's revenues are obtained outside Spain, fundamentally in OECD countries. The company, which is listed on the Madrid Stock Exchange, is a member of the Dow Jones Sustainability Indices and the FTSE4Good index.