Abengoa (MCE: ABG.B / P SM; NASDAQ: ABGB), informs that its Board of Directors at the meeting held on May 18, 2015, accepted the resignation as CEO by Manuel Sanchez Ortega for strictly personal reasons.
During the same meeting, the Board unanimously approved the appointment of Santiago Seage, who had previously resigned as CEO of Abengoa Yield, as the new CEO with immediate effect.
Manuel Sanchez will continue in office as non executive first vice chairman of Abengoa, and joins the International Advisory Board of Abengoa.
During the next few days Manuel Sanchez and Santiago Seage will hold meetings with investors in London, Boston and New York and will work together during the transition period.
Abengoa Board appreciates the excellent work done by Manuel Sanchez as CEO of the company over the last five years, during which a thorough transformation process has been successfully completed.
Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB) applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water. (www.abengoa.com)