FCC appoints new CEO

Spanish construction group FCC has appointed Carlos M. Jarque (pictured) as its new CEO.

Jarque previously served as Executive Director of International Affairs, Government Relations and Corporate Affairs at América Móvil, a Mexican telecommunications corporation.

He has managed the Sustainable Development Division of the Inter-American Development Bank and was the Minister of Social Development of Mexico.

Jarque has been a Member of Supervisory Board at Telekom Austria AG since August 2014, and is the author of over a hundred academic articles on economics, social development, planning and technology.     

Jarque said, "the rehabilitation of FCC Group and its shares will continue in order to reinforce the company both financially and operationally."

Jarque has "the backing and loyalty of the entire Board and of all at FCC."

In July, FCC and Spanish banking conglomerate Bankia agreed to sell the Globalvia PPP concession management company, in which they each hold a 50% stake.

At the end of 2014, Mexican billionaire Carlos Slim, who was the world’s wealthiest person between 2010-2013, became the largest shareholder in FCC Group.

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