Solarpack  announces that on January 15, 2020, the board of directors of the Company has taken, among other decisions, the resolution to appoint Ignacio Artázcoz as the new executive chairman of the Company, appointment that will take effect at the end of the 2020 AGM. Ignacio Artázcoz will share executive tasks with co-founder and CEO Pablo Burgos from February 15, 2020. José Galíndez, co-founder, main shareholder and chairman of the Company since 2005, will continue his involvement with the Company as vice chairman of the board of directors and as chair of the new strategy and investment committee.

With these measures, Solarpack’s board of directors secures the successor of its chairman and at the same time reinforces the executive management with the full-time capacity of an energy sector executive with a successful track record growing companies. Ignacio Artázcoz has served as CFO in CIE Automotive, Gamesa and Nortegas. Since August 2018, he has been a director at Solarpack and was appointed vice chairman of the board of directors of Solarpack in January 2019.

The board of directors will propose to the 2020 AGM to increase the number of directors to eight, to appoint a new independent director and to appoint a lead director among the independent directors.

The board of directors has also decided to appoint Begoña Beltrán de Heredia as chair of the audit committee in addition to her membership on the appointments and remuneration committee. Gina Domanig will be appointed as new member and chair of the appointments and remuneration committee, member of the audit committee, and member of the new strategy and investment committee.