Abertis Infraestructuras : New Abertis’ Board of Directors

The highest-rank governance body of the company adapts to the new shareholder structure

• Marcelino Fernández Verdes, appointed new president of Abertis.
• Salvador Alemany closes a 20-year period at the top of the company, during which the Group has become the world leader in the toll road sector and a referent for Public-Private Partnerships (PPPs).
• The Board of Directors confirms José Aljaro as CEO of Abertis.
• The new Abertis' Board will be composed of 14 directors.

The Abertis' Board of Directors has approved today a series of changes after the successful tender offer on the company executed by German group Hochtief.

The new Board composition adapts to the new shareholder structure of Abertis with the incorporation of ten new proprietary directors representing Hochtief, owner of a 78.79%-stake of Abertis, and the exit of the five proprietary directors by Criteria Caixa, including Salvador Alemany, president of Abertis until today, who has been replaced by Marcelino Fernández Verdes, proprietary director proposed by Hochtief.

Other five independent directors have resigned too. Thus, three independent directors remain in the Board.

New Abertis' Board of Directors

After the reorganization announced today, the Abertis' Board of Directors is composed of:

-10 proprietary directors by Hochtief, owner of a 78.79% of Abertis:

• Marcelino Fernández Verdes
• Peter Sassenfeld
• Nikolaus Graf von Matuschka
• José Ignacio Legorburo Escobar
• Ángel Muriel Bernal
• Peter Coenen
• Georg von Bronk
• Javier Carreño
• Rudolf Bräunig
• Mischa Horstmann

-3 independent directors:

• Marina Serrano
• Luis Fortuño
• Xavier Brossa

-1 executive director: José Aljaro, confirmed in his position.

Marcelino Fernández Verdes, new president of Abertis

Marcelino Fernández Verdes (Oviedo, 1955) is a Civil Engineer by the Escuela Superior de ICCP of Barcelona (Barcelona School of Engineering). He joined ACS Group in 1987, where he has hold different responsibilities in various positions until he was appointed CEO of ACS Group in May 2017. He is also president of the Executive Committee of Hochtief AG and executive president of Australian group CIMIC.

Salvador Alemany, first executive in the creation of Abertis and promoter of 20 years of growth

Salvador Alemany (Barcelona, 1944), economist and chartered accountant, closes today a long period in which the Abertis Group has transformed itself from a Spanish company with hardly any international presence into the world leader in the infrastructures industry, managing more than 8,600 kilometres of toll roads in 15 countries of Europe, America and Asia.

The outgoing president of Abertis started his career in the toll road sector in 1998 in Acesa when he was appointed CEO by Acesa's chairman, Isidre Fainé. Under his management, Acesa lead the merger with the concessionaire Áurea and the tender offer on Iberpistas, which resulted in the creation of Abertis Infraestructuras. The company made its début in the Spanish stock market in June 2003.

In his 20 years at the top of the company, Salvador Alemany has boosted dialogue and cooperation with the Administrations to find road infrastructures financing solutions through PPP's. He has also done an intense work for the recognition of the infrastructures' value for society, as they promote economic growth, employment, cohesion of territories and the union of citizens.

The Abertis' Board of Directors has thanked him for his great dedication, the services rendered and the diligence in the performance of his position, wishing him all success in his new professional stage.

Salvador Alemany is, at present, President of car-parks company Saba, Trustee of La Caixa Banking Foundation, Trustee of the Institut Guttmann, and President of the Board of Trustees of the Gran Teatre del Liceu de Barcelona.