Board of Directors and Committees

Experienced Board of Directors, with proven real estate, financial and legal expertise

Audit and Control Committee and Appointments and Remuneration Committee

Directors’ information

Name Position Date of appointment Expiry date Represented shareholder Category
Mr. Luis María Arredondo Malo Chairperson 29/06/2021 29/06/2024 - Independent
Mr. Luis Alfonso López de Herrera-Oria Vice President / Chief Executive Officer 29/06/2021 29/06/2024 - Executive
Mr. Fernando Bautista Sagüés External Director 29/06/2021 29/06/2024 - Independent
Ms. Carmen Boyero-Klossner Executive Director 23/05/2023 23/05/2026 - Executive
Ms. Pilar Fernández Palacios Non-Executive Director 23/05/2023 23/05/2026 Asua Inversiones Proprietary
Mr. Cato Henning Stonex External Director 29/06/2021 29/06/2024 - Independent
Mr. Stanislas Henry External Director 23/05/2023 23/05/2026 Ivanhoé Cambridge Proprietary
Mr. David Jiménez-Blanco Carrillo de Albornoz External Director 29/06/2021 29/06/2024 - Independent
Ms. Chony Martín Vicente-Mazariegos Director 23/05/2023 23/05/2026 - Executive

D. Luis Maria Arredondo Malo is a Civil Engineer and holds the Professional Merit Medal of the I.C.C.P. College. He has also completed a senior program in Business Administration (P.A.D.E.) at IESE Business School (University of Navarra).

From 1969 to 1975 he worked in the Spanish Ministry of Public Works as a project engineer, and from 1975 to 1978 he was General Manager of the construction company S.A.C.R.A., a subsidiary of the Belgian Group C.F.E. In 1980 and until 1988 he was General Manager of the Hispamer Real Estate Corporation (CIH) and General Manager of the Sociedad de Edificaciones de Madrid y Provincia, S.A. (EMPSA). In 1988 and until 1994 he was Managing Director (CEO) of Inmobiliaria Zabálburu, S.A., a company listed on the Spanish stock market. During that period, the real estate company became a company with a rapid and constant growth. Between 1994 and 2006 he was Managing Director of Inmobiliaria Urbis, a position he held simultaneously with that of Chairman during 2006, a company which, during that period, reached a market value of 3,400 million euros.

Between 2006 and 2013, he was Chairman and CEO of Santander Global Property, the asset company of Banco Santander, with large international projects in cities such as Madrid, Sao Paulo, Mexico City, Monterrey, Miami and Berlin. Between 2014 and 2018, he was Chairman of the Board of Directors of Axiare Patrimonio, one of the largest listed companies in the Spanish stock market, recently acquired by Inmobiliaria Colonial.

Luis Alfonso López de Herrera-Oria has been CEO of the company since its creation and boasts more than 30 years of experience in the real estate sector.

He was CEO of Axiare from 2014 to 2018 and Executive Director of Prima from 1986 to 2002. During that period, Prima was listed on the Madrid Stock Exchange (1988) and became the largest real estate company in Spain (1990).

In 2002, he founded Rodex with a small team of former Prima colleagues. In 2007, Rodex’s core business was transferred to Alza Real Estate, SA, where he continued his career as CEO and an independent director. Luis has also acted as an independent advisor to funds such as Falcon II Real Estate, founded by Morgan Stanley and CBRE, and is a former advisor to iAdvise Partners, EAFI, SL. He holds a degree in economics and is a member of the Royal Institution of Chartered Surveyors (FRICS).

Fernando Bautista Sagüés is an independent non-executive director. He holds a degree in law from the University of Deusto and a degree in economics and business studies from the Catholic Institute of Business Administration (ICADE) and has been a member of the Madrid Bar Association since 1981.

He became a partner in the law firm J&A Garrigues in 1989 and, following its merger with Arthur Andersen, a partner in Arthur Andersen Worldwide in 1996.

Two years later, in 1998, he became a partner at Freshfields.

Between 2014 and 2018 he was an independent non-executive director of Axiare Patrimonio.

Currently, he advises as an independent lawyer on corporate and financial law matters, is an independent director of Abante Asesores, S.A. and secretary of the Sustainable Development Committee of Iberdrola, S.A.

Chief Strategy and Corporate Development Officer

Carmen Boyero-Klossner is a co-founder partner of Árima and member of Árima’s executive team since inception. She has more than 20 years of international business experience, with a particular focus on capital markets.

She is part of Luis Alfonso López de Herrera-Oria´s team since 2015 - previously at Axiare, currently at Árima – shaping the strategy, market positioning and business plan, driving the corporate communication, and establishing relationships with investors worldwide. Prior to that, she was Senior Equity Research Analyst in London, at Lehman Brothers (later Nomura), in one of the top-ranked European equity research teams. She also worked in Swisscom’s Strategy division in Switzerland.

Carmen holds an MSc in Telecommunications Engineering from the Universidad Politécnica of Madrid and an MBA from the London Business School. She has completed a number of executive education programs in highly regarded institutions, including INSEAD and UCLA, with a particular focus on Boards and Corporate Governance. She is a Chartered Financial Analyst (CFA) since 2013 and member of the Royal Institution of Chartered Surveyors (MRICS) since 2019.

Ms. Pilar Fernández Palacios holds a degree in Business Administration and Management and in Law from the Universidad Pontificia de Comillas (ICADE E-3).

She began her professional career in 1997 in Paribas’ investment banking department in London. Between 2000 and 2002 she participated in numerous corporate transactions within Lazard’s mergers and acquisitions department in London.

Between 2002 and 2007 she was equity research analyst covering several sectors at pan-European level for Fidelity Investments in London.

Between 2007 and 2013 she was Director of Barclays Wealth in Madrid.

Since 2013 she has been Financial Director of Asúa Inversiones, a Family Office focused primarily on the acquisition of minority stakes with a long-term horizon. She has participated in the investment and divestment processes of both listed and unlisted companies, and has supervised the development of such companies through her participation in the boards of directors.

Mr. Cato Henning Stonex is an independent non-executive director of the Company. He holds a BSC (Econ) from the London School of Economics and Political Science.

From 2006 to 2016 he was a governor and in 2016 he was appointed governor emeritus. Mr Cato Henning Stonex is a director of LSE Ideas (think tank) and is a member of the Investment Committee.

Mr. Cato Henning Stonex joined Morgan Grenfell & Co in 1986, where he became a trader of European government bonds.

In 1989, he was recruited by the J. Rothschild Administration as a fund manager.

In 1996 he was a founding partner of Taube Hodson Stonex.

In 2016, Taube Hodson Stonex merged with Global Asset Management.

In 2017, Mr Cato Henning Stonex founded Partners’ Investment Company. He was an independent non-executive director of Axiare Patrimonio from 2017 to 2018.

D. Stanislas Henry is a non-executive director of the Company. He is a French citizen and resident and holds an MBA from INSEAD (1996).

He is currently Vice President of Ivanhoé Cambridge Europe, where he manages all Operations and Strategic Alliances in Europe.

He started his career in Corporate Finance at Paribas Group from 1988 to 1995, holding positions in branches of this group in Paris (Project and media financing), London (LBO financing) and New York (European Corporate Desk). He then spent five years at GE Capital and GE Real Estate in London and Paris in business development roles, contributing to GE’s increased presence in the European real estate markets (in France, UK, Spain and Italy).

After a year in the M&A and Treasury functions of Allianz France (ex AGF), he joined Credit Agricole Group where he led the M&A activities in the real estate sectors from 2002 to 2008 within CA CIB. He finally joined Amundi Real Estate, the Asset Management branch of Credit Agricole Group, where he created the institutional real estate funds department, developing this activity to reach 12Bn€ of AUM. He joined Ivanhoé Cambridge in May 2019.

David Jiménez-Blanco Carrillo de Albornoz is an independent non-executive director. He holds a degree in economics and business Studies from CUNEF.

David worked at Goldman Sachs International from 1995 to 2006, where he was responsible for the European Industrial Clients Group and the investment banking teams in Spain and Portugal.

Between 2006 and 2009, Mr. Jiménez-Blanco was President of Merrill Lynch Capital Markets España, S.A, Sociedad de Valores, Head of Investment Banking and Global Markets of the same firm in Spain and Portugal, and member of the EMEA Investment Banking Operating Committee.

Between 2010 and 2013, he was a partner at BK Partners, a company dedicated to direct investment in Mexico; between 2013 and 2016 he was CFO of World Duty Free SpA, a company listed in Milan, and between 2016 and 2020 he was Restructuring Director at Abengoa.

Between 2011 and 2012 he was a Director of Atento (a subsidiary of the Telefonica Group) and between 2014 and 2018 he was an independent Director of Axiare Patrimonio.

Currently and since 2020, he is Chairman of the Sociedad Rectora de la Bolsa de Madrid, Vice-Chairman of Bolsas y Mercados Españoles and independent Director of SIX Group. He is also Chairman of Gawa Capital, an impact investment fund manager.

Chony Martín Vicente-Mazariegos is the CFO of the Company since its inception and executive director of the Board of Directors. She has more than 20 years of experience in financial management, corporate development and in the area of regulatory compliance (ESG).

She was CFO of Axiare from 2014 to 2018, as well as Head of Investor Relations of Axiare from 2014 to 2016. From 1998 to 2002, she worked at Prima as part of Luis Alfonso López de Herrera-Oria’s team. Subsequently, she joined Redevco as CFO with responsibility for Spain, Portugal and Italy. Redevco Retail España is a Spanish subsidiary of Redevco, B.V., a Dutch company that manages a European portfolio of €7.5 billion.

She holds a degree in Business Administration and Economics from the Universidad Complutense de Madrid and has also participated in various management programs at IESE, ESADE and IMD, with a focus on Management and the Board of Directors. She is currently a professor at the Instituto de Empresa (IE) and a member of the Royal Institution of Chartered Surveyors (MRICS).