Obrascón Huarte Lain, S.A. Announces Management Changes
June 28, 2018 at 10:39 pm IST
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Obrascón Huarte Lain, S.A. announced that the Board of Directors, based on a favourable report from the Appointments and Remuneration Committee, has agreed to accept with effect from June 28, 2018, the resignation of Mr. Juan Osuna Gómez as board member. Also, the Board of Directors has agreed June 28, 2018, based on a favourable report from the Appointments and Remuneration Committee, to appoint, by co-optation, to fill the vacancy produced by the above mentioned resignation, Mr. Jose Antonio Fernández Gallar, appointing him as Second Vice-President and CEO of OHL and delegating on his person all the legal and statutorily delegable powers. The new CEO, who has been working for more than three decades in the construction industry, will lead the new stage of OHL as a construction and promotion of concessions company with a smaller size, focused on profitability and cash generation.
Obrascon Huarte Lain SA (OHL) is a Spain-based company engaged in the construction and engineering sectors. Its activities are structured into three segments: Concessions, Engineering and construction, as well as Development. The Concessions division focuses on the promotion, development and management of a range of transportation infrastructure, such as highways, railways, airports and ports. The Engineering and construction division comprises three business lines: Construction, which is responsible for building civil infrastructure; Industrial, which is involved in the construction, maintenance and operation of industrial plants, and Services, which includes cleaning and maintenance of buildings and public roads, waste management and green area conservation. The Development division promotes and manages tourist resorts and commercial centers. The Company, through its subsidiaries, is present in the Americas, Europe, Asia, Africa and Oceania. It is controlled by Grupo Villar Mir SAU.
OBRASCÓN HUARTE LAIN, S.A. 
