The CEO of the Asturian engineering and capital goods company Duro FelgueraJaime Argüelles, has presented his voluntary resignation from the position with effect from last November 6, according to The Asturian company reported this Fridaywhich will now begin a selection process to designate Argüelles’ replacement.
As long as this process is not concluded, it will be the Executive Committee of the board of directors that will assume the exercise of all delegated executive powers.
Likewise, Duro Felguera has informed the National Securities Market Commission (CNMV) which has appointed Eduardo Espinosa, until now vice president of the company, as the new president, replacing Jaime Isita, who will now become Vice President. Duro Felguera explained that it has been considered that, “due to his in-depth knowledge of the company and his residence in Gijón”, Espinosa is the most suitable person for this position.
Likewise, the company has appointed Nuno Mota, independent director, as coordinating director.
Following the announcement of the changes at the company’s leadership, Duro Felguera’s shares closed this Friday’s session with an increase of almost 9%. Specifically, the Asturian company’s shares have closed with a rise of 8.8%, up to 0.3585 euros per share, which led it to lead the increases in the Continuous Market, after rising 14%.
After the financial director
The departure of the CEO of the Asturian company occurs just fifteen days after the resignation of the economic and financial director of the engineering and capital goods group, Raúl Sánchez, who was appointed to the position by the company’s board of directors last July 2.
The board of directors has agreed to the appointment of Guillermo de Alba Rodríguez as the new economic-financial director. It has also approved the appointment of Susana Santos Álvarez as director of Legal Advice.
The Mexican groups Prodi and Mota-Engil They took control last year of 54.66% of Duro Felguera after the capital operations undertaken to give entry to industrial partners.
The recruitment of industrial partners was one of the conditions imposed on Duro Felguera to receive public aid of 120 million euros which was obtained through the Fund to Support the Solvency of Strategic Companies (FASEE), created by the Government to reactivate the post-covid economy.
According to the latest accounts published by the company, Duro Felguera lost 26.3 million in the first half of the year, compared to the profits of 1.6 million recorded in the same period last year, despite the fact that the turnover rose by 11. 4%, up to 157 million.
The income statement reflects an increase in supplies of 27.6%, up to 88.6 million; an increase in personnel expenses of 10%, up to 49 million, and an increase in financial expenses of 98.6%, up to 5.7 million.
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