The Board of Directors of Cementos Portland Valderrivas has agreed to appoint José Luis Saenz de Miera as Chairman and CEO, a professional with extensive experience in the cement sector.

Among other management positions, Saenz de Miera has been responsible for the Mexican cement group CEMEX in southern Europe, Africa, Middle East and Asia, and Vice President and Managing Director of CEMEX Spain.

Saenz de Miera replaces Juan Béjar, who has been appointed Vice President and CEO of the FCC group a month ago and who has resigned as CEO of Cementos Portland Valderrivas to give place to his successor in the Board of Directors.

At the next shareholders meeting Juan Béjar will be proposed as member of the Board of Directors of the company.

The Board has also agreed the appointment as Vice President of Alicia Alcocer Koplowitz, keeping the Vice Presidency held by Esther Koplowitz Romero de Juseu.

The two appointments have been agreed prior favorable report from the Committee of Appointments, Remuneration and Corporate Governance.