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HOCHTIEF Completes Executive Board with Internationally Experienced Manager - Marcelino Fernández Verdes to be the new Executive Board member and Chief Operating Officer (COO) of HOCHTIEF Aktiengesellschaft - HOCHTIEF.de
HOCHTIEF Completes Executive Board with Internationally Experienced Manager

 

PRZOOM - /newswire/ - Essen, Germany, 2012/03/28 - Marcelino Fernández Verdes to be the new Executive Board member and Chief Operating Officer (COO) of HOCHTIEF Aktiengesellschaft - HOCHTIEF.de.

   
 
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HOCHTIEF has filled the vacant position of Chief Operation Officer (COO): At its meeting on March 28, 2012, the Supervisory Board of HOCHTIEF Aktiengesellschaft appointed Marcelino Fernández Verdes as the new member of HOCHTIEF Aktiengesellschaft’s Executive Board and COO of the company. He will enter into office as of April 15, 2012. "Mr. Fernández Verdes brings with him extensive experience in the international construction industry: Under his management, Dragados, the construction company within ACS, became a highly profitable company and international sales multiplied by a factor of four to almost EUR 2 billion in just four years. The majority of this was generated in the Americas," said Manfred Wennemer, Chairman of the Supervisory Board of HOCHTIEF Aktiengesellschaft. Mr. Fernández Verdes is already very familiar with the Group and its executive staff from his almost five years of membership on the HOCHTIEF Supervisory Board.

Marcelino Fernández Verdes (56) studied construction engineering at the University of Barcelona and has held a number of different positions in the construction industry since 1984. He was appointed General Manager of ACS Proyectos, Obras y Construcciones in 1997 and Chairman and CEO in 2000. Following the merger of Grupo ACS and Grupo Dragados in 2003, Mr. Fernández Verdes assumed the role of Chairman and CEO of Dragados S.A. Since October 2006, he has been Chairman and CEO of Construction, Environment and Concessions at ACS Actividades de Construcción y Servicios S.A. In this role, he was most recently responsible for sales of almost EUR 8 billion.

Mr. Fernández Verdes has been a member of the Executive Committee of the ACS Group since 2000 and on the Board of Directors of ACS Servicios y Concesiones S.L. (Chairman and CEO) since 2006. Mr. Fernandez Verdes will resign from all his prior positions, including his membership of the Supervisory Board of HOCHTIEF Aktiengesellschaft, until April 14, 2012. His anticipated successor on the HOCHTIEF Supervisory Board is Dr. rer. pol. h. c. Francisco Javier Garcia Sanz, member of the Executive Board of Volkswagen AG.

Note to editorial offices: A portrait photo of Marcelino Fernández Verdes is available under hochtief.de/.

 
 
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Agency / Source: HOCHTIEF AG

 
 

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HOCHTIEF Completes Executive Board with Internationally Experienced Manager

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HOCHTIEF AG |
Contact: Christian Gerhardus - HOCHTIEF.de 
+49 201 824-2642 presse[.]hochtief.de
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any HOCHTIEF AG securities in any jurisdiction including any other companies listed or named in this release.

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