Cementos Portland Valderrivas appoints new directors

Cementos Portland Valderrivas (CPV), part of Spain’s FCC, has appointed Carlos Manuel Jarque, current CEO of FCC, and Juan Rodriguez Torres, FCC adviser and newly-appointed non-executive chairman of the Realia real estate co, as directors of CPV.

Both men are linked to Mexican magnate Carlos Slim, who acquired a 25.6 per cent majority stake in FCC last year. This places him ahead of Esther Koplowitz, who controls a 22.4 per cent stake. The appointments are the latest step in an ongoing process of including Carlos Slim’s confidants in FCC and its subsidiaries. On 18 August last, Mr Jarque was appointed CEO of FCC when his predecessor Juan Bejar left. A further Mexican, Gerardo Kuri Kaufmann, was appointed CEO of CPV earlier.