The Board of Directors of Ferrovial, at the proposal of the Appointments and Remuneration Committee, has appointed Oscar Fanjul as an independent director, replacing Jaime Carvajal.

Oscar Fanjul, who holds a PhD in Economics and is a professor (currently on leave) of Economic Theory, was the founding chairman and CEO of Repsol.

Rafael del Pino, chairman of Ferrovial, stated:

"Oscar has extensive experience in managing large multinationals and a deep understanding of the business world in many countries across the globe. Jaime has done an extraordinary job over the years and has played a decisive role in transforming the company into a global operator of infrastructure and services."

Oscar Fanjul was born in Santiago de Chile in 1949, and is currently the deputy chairman of Omega Capital and Lafarge. After Lafarge's merger with Holcim, he became a director of the combined company, LafargeHolcim. He also sits on the Boards of Marsh & McLennan and Acerinox.

Previously, he chaired Hidroeléctrica del Cantábrico, was non-executive chairman of NH Hoteles and Deoleo, and was a director of Unilever, BBVA, London Stock Exchange and Areva. He has also been a member of the European Union President's Advisory Group on Competition Policy, and a trustee of International Financial Reporting Standards (IFRS).

The Board of Directors has also unanimously resolved, at the proposal of the Appointments and Remuneration Committee, to appoint Santiago Fernández Valbuena who is an independent director, as a member of that Committee. The Board unanimously resolved to appoint Santiago Bergareche Busquet, who is an independent director, president of that Committee.