Abengoa Yield (NASDAQ: ABY, “the Company”), the sustainable total return company that owns a diversified portfolio of contracted assets in the energy and environment sectors, announced today that its board of directors accepted the resignation as CEO of Santiago Seage due to his appointment as CEO of Abengoa, at the meeting held on May 18, 2015.
During that meeting, the board of directors unanimously approved the appointment of Javier Garoz as the new CEO with immediate effect. Javier Garoz was until now CEO of Abengoa Bioenergy and is a director of Abengoa Yield.
In addition, the board has accepted the resignation of Manuel Sanchez as Chairman of the Company, and has appointed Santiago Seage for that position. Manuel Sanchez will continue as a director in Abengoa Yield.
Santiago Seage and Javier Garoz will meet with investors in London, Boston and New York during the course of this week and will be working together during the transition period.
The board of directors of Abengoa Yield appreciates the excellent work of Santiago Seage as CEO during the launch and initial stage and of the company.
About Abengoa Yield
Abengoa Yield is a total return company that owns a diversified portfolio of contracted renewable energy, power generation, electric transmission and water assets in North America, South America and certain markets in EMEA. We focus on providing a predictable and growing quarterly dividend or yield to our shareholders (www.abengoayield.com).