Iberdrola adds 4 directors to Infigen board

Australian renewable energy company Infigen Energy Ltd (ASX:IFN) today welcomed four new additions to its renewed board of directors, named by Iberdrola SA (BME:IBE).

The Spanish energy major has appointed the following four directors to Infigen’s seven-member board: David Jose Mesonero Molina, deputy director of corporate development at Iberdrola; Sergio Hernandez de Deza, head of international business development at Iberdrola and CEO of Iberdrola Renovables Internacional; Regina Reyes Gallur, head of the legal department at Iberdrola Energia Internacional SAU; and Felipe Castresana, head of global investment control at Iberdrola Renewables.

Independent chairman Len Gill, independent director Emma Stein and managing director Ross Rolfe are the other three members of the board.

Iberdrola earned the right to appoint the above-mentioned directors by securing a controlling stake in Infigen through a friendly off-market takeover offer of AUD 0.92 (USD 0.66/EUR 0.56) per share, which is still running and will expire on August 26. As of Thursday, Iberdrola Renewables Australia Pty Ltd had built a 72.76% stake in the Aussie renewable energy plants owner.

(AUD 1.0 = USD 0.718/EUR 0.608)

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