CIMIC Group's Board of Directors announced the appointment of Chief Executive Officer and Managing Director, Mr. Juan Santamaria, as Executive Chairman. Current Executive Chairman, Mr. Marcelino Fernández Verdes, has decided to retire from the Board. Mr. Santamaria will succeed Mr. Fernández Verdes effective immediately. CIMIC Alternate Directors Mr. Adolfo Valderas and Mr. Ángel Muriel have also retired from their positions.