At its meeting last week, the Supervisory Board of Hochtief elected Pedro López Jiménez (71) as its new Chairman. At the first of October he will succeed Thomas Eichelmann (49) who will leave the Supervisory Board at the end of September. Mr. Eichelmann wants to enable a representative from the major shareholder to assign this key position. He had been a member of the Supervisory Board since May 2011 and took over the function of Chairman in January 2013.
The Supervisory Board will also propose that Ms. Christine Wolff (53) be appointed as a new member. She already was a member of this Board in 2012 and 2013.
Pedro López Jiménez was appointed to the Hochtief Supervisory Board in May 2011. In this function, he took over numerous tasks, among others as member of the Executive Committee and of the Strategy and Human Resources Committee. In addition, Mr. López Jiménez is Non-executive Director on the Board of Leighton Holdings and ACS.
Elected Supervisory Board Chairman Pedro López Jiménez:
"I want to thank Thomas Eichelmann for his support and dedication to Hochtief during the last three years first as member and afterwards as Chairman of the Supervisory Board. During Thomas Eichelmann's chairmanship, the company needed to focus and restructure its activities to become one of the leading players in the industry. Now we can say that after this transition period, the company is implementing its business plan in Europe, America and Asia-Pacific. It has been a pleasure to work with him all these years in which the foundations of the new Hochtief were established."