Board of Directors

The Board of Directors has the broadest attributes for the management, administration and representation of the Company, and except for matters reserved to the competence of the General Meeting, it is the highest decision-making body of the Company.

composition of the board of directors

Position	Name	Type
Chairman	Mr. José Luis Aguirre Loaso	Shareholder Appointed
First Vice Chairman	Mr. Jesús Máximo Bueno Arrese	Shareholder Appointed
Second Vice Chairman	Mr. José Ignacio Mijangos Linaza	Shareholder Appointed
CEO	Mr. Víctor Iglesias Ruiz	Executive
Secretary (Director)	Mr. Jesús Barreiro Sanz	Shareholder Appointed
Member	Mrs. Gabriela González-Bueno Lillo	Independent
Member	Mr. Jesús Solchaga Loitegui	Independent
Member	Mr. Juan María Pemán Gavín	Shareholder Appointed
Member	Mr. Emilio Jiménez Labrador	Shareholder Appointed
Member	Mr. Vicente Cóndor López	Independent
Member	Mr. Félix Longás Lafuente	Independent
Member	Mr. Jesús Tejel Giménez	Independent
Member	Mr. Enrique Arrufat Guerra	Shareholder Appointed
Member	Mrs. Maria Pilar Segura Bas	Other External

All the nominations to the Board of Directors has been adopted with a favourable report by the Appointments Committee.

The Directors have the obligation to adopt the measures that are necessary to avoid any situations in which there may be a conflict of interest with the business and their duties to the Entity, as it is stipulated by Article 33 Board of Directors Regulation.