Ferrovial will relieve its CEO in October

  • Ignacio Madridejos will occupy the position that Íñigo Meirás now holds
  • The construction company has ensured an orderly transition between the two

Ferrovial announced this Friday after the market close of the signing of Ignacio Madridejos, until now president of Cemex USA, for his incorporation as CEO of the construction group. In the relevant event sent to the National Securities Market Commission (CNMV) it is explained that “it is foreseen that [el relevo] occurs next October 1“, Of which it is anticipated that it will be informed in due course.

The one chosen to relieve Íñigo Meirás, who has led Ferrovial for a decade and whose contract expired next 2020, he is a civil engineer from the Polytechnic University of Madrid and an MBA from Stanford University. His professional career began at Agroman, a subsidiary of the construction group, to move to McKinsey and, later, to join Cemex in 1996, where he has held various positions of responsibility.

The company has reported that “the current CEO of the company, Iñigo Meirás, will continue in the full performance of his duties until the incorporation of Madridejos.” With this measure we want to guarantee “An orderly succession in management” after the long period marked by the outgoing executive.