Abertis in boardroom shake-up(4)

The Spanish infrastructure developer has unveiled its new management structure, with three managing directors reporting to the group’s president. The reshuffle follows the appointment of Salvador Alemany as president earlier this month.

The board of Spanish listed infrastructure developer Abertis has approved its new senior management structure.

Francisco Reynés, former general manager of Criteria CaixaCorp, is to become chief corporate officer, replacing Enrique Corominas, while Josep Martínez-Vila, former chief corporate management officer and business diversification managing director, is to become chief operations officer. José Aljaro is to remain as Abertis’ chief financial officer.

The three managing directors will report directly to the group’s president, Salvador Alemany, who was appointed earlier this month.

Francisco Reynés

The new structure will see Reynés as chief corporate officer taking responsibility for corporate development, HR, organizational structure and legal services. He will also be responsible for overseeing Abertis’ shared services unit, which is structured around group company Serviabertis. Martínez-Vila as chief operations officer will be charged with supervising the operations of Abertis’ five core business lines of toll roads, telecommunications, airports, car parks and logistics parks.

Earlier this month Abertis reported a 1.5 percent fall in its pre-tax earnings for the first quarter of the year to €522 million, after experiencing a drop in its traffic figures for the period. The company said it remains on course to increase both EBITDA and sales for the full year 2009.