Arnold Schiefer has been appointed CEO of ALPINE. The new chief executive of the Central European construction subsidiary was formerly with the Austrian federal railways and has extensive experience with managing infrastructure and business transformation processes.

Arnold Schiefer, the new CEO of ALPINE, will direct the process of transforming the group to ensure that it retains its leading position in its domestic markets, basically Austria and Germany. Schiefer's appointment is a clear, positive, stabilising message from FCC to the ALPINE Group's workers, business partners and financiers.

A graduate in Business Studies, Schiefer commenced his career in Tyrol, where he eventually became a division head at the Infrastructure Ministry in Vienna in 2000. In 2005, he changed to the Austrian Federal Railway (ÖBB), where he took over project management for the construction of Vienna's Central Train Station. As Chairman of the Board, he supervised the merger and reorientation of ÖBB-Infrastruktur AG. In 2011, he was hired by Rail Cargo Austria AG to reorganise and turn around Rail Cargo Hungaria. He was most recently Chairman of the Board at Rail Cargo Austria AG.

Alpine recently reached an agreement with the Austrian government and its main creditors to restructure the group and refinance its debt.

Additionally, Fernando Moreno has been appointed as Chairman and Miguel Jurado as General Manager of FCC Construction.