Jaime Arguelles resigns from his position as chairman and chief executive officer (CEO) of Duro Felguera and the company appoints a new president Eduardo Espinosasubstitute Jaime Isitawho will now occupy the vice-presidency, as the company announced in National Securities Market Commission (CNMV) this Friday.
Thus, Argüelles presented his voluntary resignation from his position with effect from last November 6, so that the company began the process of selecting his replacement. On the other hand, Eduardo Espinosa until now held the position of vice president of the company, a position he exchanged with Isita.
Jaime Argüelles resigns not only from his position as CEO, but also from that of a member of the Board of Directors of the engineering company, a position he has held since 2021.
During the time that the selection process for Argüelles’ replacement lasts, the Executive Commission The board of directors will assume all delegated executive powers, thus ensuring continuity in the management of the company.
Changes in Duro Felguera
Regarding the appointment of Espinosa as president, Duro Felguera explained that it was considered that, “due to his extensive knowledge of the company and his residence in Gijon”, is the most appropriate person for this position. On the other hand, the company has appointed Nuno Motaindependent director, as coordinating director.
On the other hand, Duro Felguera also announced that Espinosa would serve as president of the Executive Commission, in his capacity as president of the board of directors.
In this way, the vacancy created by the resignation of Argüelles within the Executive Committee was filled by the board of directors, which appointed the owner administrator. Gérard Tietzsch to replace it. For her part, Isita will occupy the status of member of the Executive Commission.
