Abengoa announced that its Board of Directors at the meeting held on May 18, 2015, accepted the resignation as CEO by Manuel Sanchez Ortega for strictly personal reasons. During the same meeting, the Board unanimously approved the appointment of Santiago Seage, who had previously resigned as CEO of Abengoa Yield, as the new CEO with immediate effect. Manuel Sanchez will continue in office as non executive first vice chairman of Abengoa, and joins the International Advisory Board of Abengoa.