OBRASCON HUARTE LAIN, S.A. announced that the Board of Directors, based on a favorable report from the appointments and remuneration committee, has agreed: accept the resignation of Mrs. Macarena Sainz de Vicuña Primo de Rivera as Director. In accordance with the proposal made by the appointments and remuneration committee in order to fill the vacancy caused by the above mentioned resignation, appoint Mr. Juan Jose Nieto Bueso as independent director of the board. He is currently a Director in Diario de Navarra, COEMAC Ibérica and Member of the Advisory Board of Havas Media and Banco Sabadell Este.
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.