June 16 () –
The board of directors of Iberpapel will pay an issue premium of 0.5 euros net per share this Monday, June 17, as reported by the company to the National Securities Market Commission (CNMV).
The agreement for the partial return of this share premium was adopted on May 28 at the general meeting of shareholders. Thus, the payment will be made through the Banco Sabadell entity.
For its part, the general meeting of shareholders of Iberpapel has ratified the appointment of Miguel Ángel Tapiador Silanes as the new executive director, with effect from September 30.
Tapiador’s appointment is part of the succession plan for the company’s presidency to ensure an orderly transition that allows the current functions of the president to be split into a non-executive president and a CEO.
According to this plan, with effect from next September 30, Ignacio Echevarría will leave the position of executive president of the company, as well as his position as director, and from that moment, a non-executive president and a CEO will be appointed.
Specifically, Iberpapel will appoint Martín González del Valle, current member of the company’s board of directors, as non-executive president, with the consideration of another external president. For his part, Miguel Ángel Tapiador, current general director of the company, will be appointed CEO.
Until that date, when the succession plan becomes effective, Íñigo Echevarría will continue to be executive president of Iberpapel. When his dismissal becomes effective, the appointment and incorporation of Agatha Echevarría to the board as an independent director is planned.
Íñigo Echevarría will be named honorary president, an appointment that will not entail the status of director of the entity, and whose purpose is to enable him, where appropriate, to provide advice to the non-executive president and the CEO, thus facilitating the transition in the corporate governance model.
Add Comment