1. Ferrovial
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Board of Directors

Except in matters reserved for the Shareholders’ Meeting, the Board of Directors is Ferrovial’s primary decision-making body. With the management team, it manages the Company with a view to maximising shareholder value sustainably over the long term.

Ferrovial’s Corporate Governance

  • The Board of Directors comprises 12 members. There is a Lead Director, who channels any concerns expressed by the Non-Executive Directors. Directors are reappointed every three years, and not every four years as required by law. This allows shareholders to express their opinion on Director performance more frequently.
  • The Audit and Control Committee and the Nomination and Remuneration Committee comprise only External Independent Directors.
  • The Audit and Control Committee supervises the process of drafting the financial information and the efficacy of the Company’s internal control systems, among other functions.
  • Ferrovial regularly analyses best practices and corporate governance standards in Spain and other countries with a view to their adoption.

Chairman

Rafael del Pino

Executive and Proprietary Director

  • Civil Engineer (Polytechnic University of Madrid, 1981); MBA (Sloan School of Management, MIT, 1986).
  • Chairman of Ferrovial since 2000 and CEO since 1992. Chairman of Cintra from 1998 to 2009.
  • Member of the MIT Energy Initiative’s External Advisory Board and the MIT Sloan European Advisory Board. He also is a member of the IESE’s International Advisory Board and the Royal Academy of Engineering of Spain.
  • He has been Director of Zurich Insurance Group, Banesto and Uralita. Also, he was a member of the MIT Corporation and the Harvard Business School European Advisory Board.

Other information:

Mr. Rafael del Pino has a controlling interest in the shareholder Rijn Capital B.V.

Vice-chairman

Óscar Fanjul

External Independent Director

  • Professor of Economic Theory on leave of absence.
  • Director of Ferrovial since 2015.
  • Vice-Chairman of Omega Capital. Director of Marsh & McLennan Companies. Trustee of the Center for Monetary and Financial Studies (Bank of Spain) and of the Aspen Institute (Spain).
  • Former founding Chairman and CEO of Repsol; Chairman of Hidroeléctrica del Cantábrico; Non-Executive Chairman of NH Hoteles and Deoleo; Non-Executive Vice-Chairman of Holcim; Director of Acerinox, Unilever, BBVA, London Stock Exchange and Areva.

CEO

Ignacio Madridejos

Executive Director

  • Civil Engineer (Polytechnic University of Madrid); MBA (Stanford University).
  • CEO of Ferrovial since 2019.
  • Former Regional President of CEMEX USA; Regional President of CEMEX Northern Europe; global responsible of CEMEX Energy, Security and Sustainability areas; President of CEMEX Spain; and CEO of CEMEX Egypt. He previously worked at McKinsey and Agroman. He was also President of OFICEMEN (Spanish Association of Cement Manufacturers), IECA (Spanish Institute of Cement and its Applications), and CEMBUREAU (European Cement Association).

Directors

María del Pino

External Proprietary Director

  • Degree in Economics and Business Administration (Universidad Complutense de Madrid); Management Development Program (IESE).
  • Director of Ferrovial since 2006.
  • Chairman of the Rafael del Pino Foundation. Legal representative of Menosmares, S.L. that holds the positions of rotating Chairman / Vice-Chairman of the Board of Directors of Casa Grande de Cartagena, S.A.U. and Vice-Chairman of the Board of Directors of Pactio Gestión, SGIIC, S.A.U. Member of the Board of Trustees of the Princess of Asturias.
  • Former member of the Governing Board of the Asociación para el Progreso de la Dirección and trustee of the Codespa Foundation and of the Fundación Científica de la Asociación Española contra el Cáncer.

Other information:

Ms. María del Pino is majority shareholder, as well as Director and CEO, of the shareholder Menosmares, S.L.

José Fernando Sánchez-Junco

External Independent Director

  • Degree in Industrial Engineering (Polytechnic University of Barcelona); ISMP Graduate (Harvard Business School) and member of the State Corps of Industrial Engineers.
  • Director of Ferrovial since 2009. Director of Cintra from 2004 to 2009.
  • Honorary Chairman of Maxam Group; Chairman of Maxam Foundation and member of the Board of Trustees of the Museo de la Minería y la Industria.
  • Former Executive Chairman of Maxam Group; Managing Director of Iron and Steel and Naval Industries and Managing Director of Industry at the Ministry of Industry and Energy; Director of Dinamia, Uralita and Duro Felguera.

Philip Bowman

External Independent Director

  • Degree with honors in Natural Science (University of Cambridge); Master in Natural Science (University of Cambridge); Fellow of the Institute of Chartered Accountants in England & Wales.
  • Director of Ferrovial since 2016.
  • Non-Executive Chairman of Tegel Group Holdings Limited, Sky Network Television Limited and Majid Al Futtaim Properties; Non-Executive Director of its parent company, Majid Al Futtaim Holding LLC and related company Majid al Futtaim Capital LLC; and Non-Executive Director of Kathmandu Holdings Limited and of Better Capital PCC.
  • Former Chairman of Potrero Distilling Holdings, Coral Eurobet and Liberty; Non-Executive Chairman of The Munroe Group (UK); CEO of Smiths Group, Scottish Power and Allied Domecq; and Director of Burberry Group, Berry Bros. & Rudd, Scottish & Newcastle Group, Bass, British Sky Broadcasting Group and Coles Myer.

Hanne Sørensen

External Independent Director

  • MsC. in Economics and Management from the University of Aarhus (Denmark).
  • Director of Ferrovial since 2017.
  • Non-Executive Director of Holcim, Sulzer, Tata Motors, Tata Consulting Services and Jaguar Land Rover Automotive Plc (and its affiliates Jaguar Land Rover Holdings Ltd and Jaguar Land Rover Ltd).
  • Former CEO of Damco and Maersk Tankers; Chief Commercial Officer at Maersk Line; and CFO for the Asia Region at Maersk Line (A.P. Moller-Maersk Group). She has also been Chairman of ITOPF, Vice-Chairman of Hoegh Autoliners and Director of Delhivery, Axcel and INTTRA.

Bruno Di Leo

External Independent Director

  • Degree in Business Administration from Ricardo Palma University and postgraduate degree from Escuela Superior de Administracion de Negocios, both in Lima (Perú).
  • Director of Ferrovial since 2018.
  • Non-Executive Director of Cummins Inc.; member of the IESE’s International Advisory Board in Spain and of the Deming Center Advisory Board of Columbia Business School.
  • He has developed his professional career at the multinational group IBM. He served as Senior Vice-President of IBM Corporation; Senior Vice-President of Global Markets; General Manager of the Growth Markets Unit; General Manager for Global Technology Services in Southwest Europe and General Manager for Northeast Europe; General Manager for IBM Latin America and General Manager of IBM Brazil.

Juan Hoyos

External Independent Director / Lead Director

  • Degree in Economics (Universidad Complutense de Madrid); Master in Business Administration in Finance and Accounting (Columbia Business School).
  • Director of Ferrovial since 2019.
  • Director of Inmoglaciar and Gescobro.
  • Former Chairman, Senior Partner of McKinsey & Company Iberia and member of the McKinsey & Company Shareholder Council worldwide; Strategy, Brand & Marketing Executive Vice President of Banco Santander Brazil; Executive Chairman of Haya Real Estate and Director of Banco Santander Chile and Banco Santander Mexico.

Gonzalo Urquijo

External Independent Director

  • Degree in Economic and Political Sciences (Yale University). MBA (Instituto de Empresa, Madrid).
  • Director of Ferrovial since 2019.
  • CEO of Talgo; Director of Gestamp Automoción; Chairman of the Hesperia Foundation; member of the Board of Trustees of the Princess of Asturias Foundation.
  • Former Chairman of ArcelorMittal Spain; member of the General Management of ArcelorMittal and head of the sectors of Long Products, Stainless Steel, Tubes, Emerging Markets; CFO and head of the Distribution sector of Arcelor; CFO of Aceralia Corporación Siderúrgica. He previously worked at Citibank and Crédit Agricole. He was also Chairman of the ArcelorMittal Foundation and of UNESID (the Spanish union of steel companies); Director of Aceralia, Atlantica Yield, Aperam, Vocento and other listed companies.

Hildegard Wortmann

External Independent Director

  • Degree in Business Administration (University of Münster, Germany); MBA from the University of London.
  • Director of Ferrovial since 2021.
  • Member of the Board of Management of Audi AG as Head of Sales and Marketing; Non-Executive Director of Volkswagen Financial Services AG and Non-Executive Director of the Supervisory Board of Porsche Holdings.
  • Former Senior Vice President for Product Management, Senior Vice President for the Brand and CEO for the Asia-Pacific region of the BMW automotive group; Marketing Director of Unilever for Germany and the USA.

Alicia Reyes

External Independient Director

  • Degree in Law, Economics and Business Administration (Madrid Universidad Pontificia de Comillas, ICADE); PhD (summa cum laude) in quantitative methods and financial markets from the same university.
  • Director of Ferrovial since 2021.
  • Independent Director of Banco Sabadell and Non Executive Director of its affiliate TSB Bank; Guest Professor at the Institute of Finance and Technology in the School of Engineering at University College London (UCL).
  • Former CEO for the EMEA region of Wells Fargo Securities; Global Head of structuring in the investment banking division and Global Head of insurance solutions and strategic equity derivatives of Barclays Capital; Country Manager for Spain and Portugal of Bearn Stearns; Chief Investment Officer of the Abengoa group’s venture capital fund specialized in technology (Telecom Ventures). She previously worked for Deutsche Bank.

Secretary

Santiago Ortiz Vaamonde

  • Spanish State Attorney (on voluntary leave); PhD in Law (Universidad Complutense de Madrid).
  • General Counsel and Secretary of the Board of Directors of Ferrovial since 2009.
  • Former partner at two renowned law firms, in charge of Trial Law and Regulatory Law; Agent of the Kingdom of Spain before the Court of Justice of the European Union; professor at the Diplomatic School and the Carlos III University.
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