Abertis Chief Executive Moves to Gas Natural

02/07/18 01:45 AM EST
   By Marc Bisbal Arias and Alberto Delclaux 
 

Gas Natural SDG SA (GAS.MC) said late Tuesday that it has appointed Francisco Reynes Massanet as chief executive and chairman of the board. In a separate release, Abertis Infraestructuras SA (ABE.MC) said that he will leave his role as chief executive of that company.

Gas Natural said incumbent Chairman Isidro Faine Casas and Chief Executive Rafael Villaseca Marco have resigned.

Mr. Faine Casas has been appointed honorary chairman, the company said.

In another release, Abertis said that Chief Financial Officer Jose Aljaro Navarro has been appointed as executive board director, replacing Mr. Reynes as chief executive.

The board appointment must be ratified at the annual shareholders' meeting, Abertis said.

Mr. Faine Casas is chairman at Criteria Caixa, a holding company which owns a 24% and a 22% stake in Gas Natural and a Abertis, respectively.

 

Write to Marc Bisbal Arias at marc.bisbalarias@dowjones.com and Alberto Delclaux at alberto.delclaux@dowjones.com

 

(END) Dow Jones Newswires

February 07, 2018 01:45 ET (06:45 GMT)

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