From construction manager to CEO: Ignacio Madridejos takes reins at Ferrovial

Spanish construction, airports and toll-roads company Ferrovial today comes under the leadership of a new chief executive, Ignacio Madridejos, who takes up the post after just under four years as president of cement company, Cemex USA.

Madridejos occupied the CEO’s office 29 years after his first job in charge of a construction project in 1990 for Agroman, now a Ferrovial company, after getting his civil engineering degree from the Universidad Politécnica of Madrid.

Born in 1965, he holds an MBA from Stanford Business School, and has worked in the US, Europe, Latin America and Africa.

He replaces Íñigo Meirás, who had been Ferrovial’s chief executive since October 2009.

The appointment was agreed in July.

"Ignacio Madridejos combines superb technical and economic training with a successful international career, including a lengthy period in the United States," said Forrovial chairman Rafael del Pino. "All of this will contribute to Ferrovial’s development, which is particularly important at this time of change in the company."

The chairman added: "Íñigo Meirás made a major contribution to managing Ferrovial during the last financial crisis and its subsequent international expansion."

After finishing his first project Ignacio Madridejos joined McKinsey as a consultant in Spain and Argentina in 1993, before transferring to Cemex in 1996, where he held a number of positions including CEO of Cemex Egypt in 1999, President of Cemex Spain in 2003.

He has also held senior positions in industry groups.

"I am joining the company at an exciting time and I am confident that, with the support of the entire organisation, we can continue to create value for all our stakeholders," he said.

Operator of four UK airports including Heathrow, which it partly owns, Ferrovial has 96,000 employees working in around in 20 countries on construction, toll roads, services and airports.

Image: Ferrovial’s new chief executive from 1 October 2019, Ignacio Madridejos (Ferrovial)

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