Repsol has approved the appointment of Miguel Angel Devesa del Barrio and Begoña Elices Garcia as Executive Officers of the company and members of the Executive Committee as from January 2011.
Miguel Angel Devesa del Barrio who maintained the post of Corporate Director of Strategy and Corporate Development, has been appointed Chief Financial Officer, replacing Fernando Ramirez Mazarredo, who after reaching an agreement with the company, and for personal reasons will be leaving the Group. Repsol acknowledge and recognise his hard work and dedication during his term in the Group.
Also, Begoña Elices García, until now Corporate Director of Communication and Chairman’s Office, has been appointed ED for Communication and Chairman’s Office.
Additionally, the following changes have been made:
• The function of the Corporate Directorate of Strategy and Corporate Development will be incorporated into the Chief Financial Office.
• Both the Internal Audit and Reserves Control Directorate, that report to the Audit and Control Committee, will pass from the Chief Financial Office to depend functionally on the General Counsel Office and Secretariat of the Board of Directors, hence strengthening their independence.
• Investor Relations will report directly to the Chairman.
Miguel Ángel Devesa del Barrio
Chief Financial Officer
Industrial Engineer at the Professional College of Industrial Engineers in Madrid. He started his professional career in the professional services field, initially in Arthur Andersen and later as Vice President in Cap Gemini Ernst & Young, carrying out projects, fundamentally, for companies in the energy sector. Before joining Repsol YPF, he had been employed at Hidrocantábrico Energía as Director of Management of Energy and in the EDP Group as Executive Director of EDP Gas.
He came to Repsol YPF in August 2006 as Corporate Director of Strategy and Corporate Development
Begoña Elices García
ED for Communication and Chairman’s Office
Begoña Elices graduated in Information Sciences and Economics at the Complutense University of Madrid and joined Repsol in 2001.
Before joining the company she was Deputy Director-General and Director of Public Relations for Banco Santander Central Hispano. Prior to her involvement in business communications, Begoña worked for more than ten years for the EFE news agency, where she worked as a journalist reporting on international, national and financial news.
[mappress]
Source: Repsol, December 31, 2010;