Background Image
Table of Contents Table of Contents
Previous Page  6 / 88 Next Page
Information
Show Menu
Previous Page 6 / 88 Next Page
Page Background

FCC reports

on the process of replacing

its first Chief Executive Officer (C.E.O.)

In view of the notification sent to the Presi-

dent of the Board of Directors by the 2nd

Vice President and CEO of the Company,

Mr. Juan Béjar Ochoa Adviser, expressing

his intention to exercise change of control

clause included in the contract to provi-

de services linking the company with the

CEO, two meetings of the Appointments

and Remuneration Committee and the

Board of Directors of the Company on

that have taken place in accordance with

the procedures provided for in the Bylaws

and Regulations of the Board of Direc-

tors has dealt with the process of repla-

cing the 2nd Vice President and CEO of

the Company, Mr. Juan Béjar Ochoa Di-

rector, as first executive of the company.

On a proposal of the Appointments

and Remuneration Committee, the

Board of Directors of the Company

has adopted the following resolutions:

(l)

Hiring a search firm for executives at

international level (a “head-hunters”

firm) to carry out a process of finding

potential candidates who fit the profile

for the position of first chief executive

officer (C.E.O.) of FCC with the purpo-

se of replacing Mr. Juan Béjar Ochoa

as current chief executive of the com-

pany (CEO). The head-hunters firm

should propose candidates with pro-

ven international experience in all or

some of the various businesses that

today FCC are being carried out by

FCC. The selection process should

be implemented urgently and in any

case, it should have to be comple-

ted before next September 30, 2015.

(ll)

To allow the process of succes-

sion to the Chief Executive Officer

(C.E.O.) to occur in the most orderly

and planned possible way, the cu-

rrent Chief Executive will remain in

the company until no later than 30

September. FCC having the power to

anticipate the departure of the CEO.

(lll)

The terms of the resolution of the

contract for the provision of servi-

ces linked to the Company’s CEO,

have been approved by mutual

agreement This agreement inclu-

des the payment to the CEO, by

contract termination, and also the

compensation for non-competition

agreement, of a total compensation

amounting to € 8,375,000 gross.