NEW EXECUTIVE CHAIRMAN FOR NUEVO PESCANOVA

New Executive Chairman for Nuevo Pescanova. The Board of Directors of the Nueva Pescanova Group, at the meeting held this morning, after the appointment of its new members by the General meeting of Partner, has unanimously resolved to elect José María Benavent as executive chairman of the Company. The Board also decided to renew its confidence in Ignacio González as Managing Director (CEO), a position he has served since February  2016.

The move follows Abanca formalising the takeover of the fishing company, after having taken 80.46% of the shares, by virtue of an agreement with Banco Sabadell and Caixabank.

José María Benavent is a director and member of the Audit, Control and Finance Committee of Nueva Pescanova since June 2019. He José María Benavent Valero holds a degree in Economic and Business Sciences of the Complutense University of Madrid, an Executive Development Program (PDD) of IESE, and an Advanced Management Program (AMP) of MIT Business School, Cambridge, MA, USA. Benavent started his professional career in 1989 in the Bank of Spain. Since 1994 he has held management positions in Caixabank, Telco, R-Cable, and Euskaltel, in the latter he was the CFO. Since 2018, Since 2018, Benavent is an Independent Member of the Board of Directors of Abanca Servicios Financieros and a member of its Audit and Risk Committee.

José María Benavent and Ignacio González, together with the rest of the members of the Board, executives, managers and employees of the Nueva Pescanova Group take on the challenge of strengthening the financial and commercial structure of the company, and consolidating this fishing, aquaculture, processing and commercial company as a reference of the seafood sector globally.

The new directors have shown their appreciation for the work, over the last four years, of the outgoing Board and, in particular, to the former Chairman, Jacobo González-Robatto, for his contribution to the viability of the company.