- After this appointment, the Board has now 9 independent directors, representing 60% of total
The Abertis’ Board of Directors today approved the appointment, by cooptation at the proposal of the Appointments and Remuneration Committee, of Antonio Viana-Baptista as new independent director of the company. This appointment covers the vacancies left by the resignation of the proprietary director representing Grupo Villar Mir. The Board will propose the reaffirmation of the new appointment to the next Shareholders’ General Meeting.
Antonio Viana-Baptista (Lisbon, 1957) has a degree in Economics from Universidade Católica Portuguesa and an MBA from INSEAD. Among others, he was Executive Chairman of Telefónica España and CEO of Crédit Suisse for Spain and Portugal. Before that, he was a Principal Partner of McKinsey&Co, at their Madrid and Lisbon offices, and Director of Banco Português de Investimento.
With today’s incorporation, the Abertis’ Board of Directors is now formed by 15 directors, 9 of which are independent, representing 60% of the total. Five proprietary directors and one executive director complete the organ.
Following the recommendations of the Good Governance Code of Listed Companies, and responding to the company’s new shareholder structure, the Board of Directors has progressively reduced its number in the last years down to 14 at this moment. At the same time, the company has increased the number of independent directors to 60%, and the number of women to six directors in total, representing 40% of total.