Composition of the Management Board
As at 31 December 2015, the Management Board of Budimex SA was composed of the following persons:
- Dariusz Jacek Blocher - President of the Management Board, General Director,
- Fernando Luis Pascual Larragoiti - Vice-President of the Management Board,
- Cezary Mączka - Board Member, Chief HR Officer,
- Jacek Daniewski - Board Member, Chief Legal and Organisational Officer,
- Henryk Urbański - Board Member, Chief Real Estate Officer,
- Marcin Węgłowski - Board Member, Chief Financial Officer.
Changes in the composition of the Management Board in 2015:
- Andrzej Artur Czynczyk resigned from the position of Member of the Management Board as of 17 September 2015,
- Upon the request of the President of the Management Board, the Supervisory Board, by resolution No 239 of 16 December 2015, appointed Cezary Mączka as Member of the Management Board.
As at 31 December 2015, the following persons had joint authorisations:
- Artur Popko — joint authorisation with the other commercial representative,
- Radosław Górski — joint authorisation with the other commercial representative.
Changes in the authorisations to represent the Company in 2015:
- on 26 February 2015, joint authorisations to represent the Company together with a Member of the Management Board, granted to Artur Popko, Radosław Górski and Andrzej Goławski, were withdrawn,
- on 26 February 2015, joint authorisations to represent the Company together with the other commercial representative were granted to: Artur Popko, Radosław Górski and Andrzej Goławski.
- on 5 October 2015, the joint authorisation to represent the Company together with the other commercial representative, granted to Andrzej Goławski, was withdrawn.
During the year 2015, policies concerning appointing or recalling members of managing bodies as well as the rights of members of these bodies, including the right to take decisions on share issuance or redemption, as provided in the Articles of Association, did not change.
Composition of the Supervisory Board and its committees
As at 31 December 2015, the Supervisory Board of Budimex SA was composed of the following persons:
- Marek Michałowski - President of the Supervisory Board,
- Alejandro de la Joya Ruiz de Velasco - Vice-President of the Supervisory Board,
- Igor Adam Chalupec - Secretary of the Supervisory Board,
- Marzenna Anna Weresa - Supervisory Board Member,
- Ignacio Clopes Estela - Supervisory Board Member,
- Javier Galindo Hernandez - Supervisory Board Member,
- Jose Carlos Garrido-Lestache Rodriguez - Supervisory Board Member,
- Piotr Kamiński - Supervisory Board Member,
- Janusz Dedo - Supervisory Board Member.
In 2015, there were no changes to the composition of the Supervisory Board or its structure.
As at 31 December 2015, the Audit Committee was composed of the following persons:
- Marzenna Weresa — Chairperson,
- Javier Galindo Hernandez — Member,
- Jose Carlos Garrido - Lestache Rodriguez — Member.
The composition of the Audit Committee did not change in 2015.
With respect to the independence of an Audit Committee member, provisions of the following apply: Article 56 section 3 item 1, 3 and 5 of the Act of 7 May 2009 on Statutory Auditors and their Self-Governance, Entities Authorised to Audit Financial Statements and on Public Oversight, as well as criteria of independence from the company and entities materially related to the company, within the meaning of the Code of Best Practice for WSE Listed Companies (rule 6 Section III Best Practice for Supervisory Board Members).
The independent status of a Supervisory Board member is determined by the Company in accordance with the criteria defined in the Procedure for Integrated Management System No 05-05 relating to obtaining information from Supervisory Board members and publication thereof, based on representations filed by Board members and in accordance with Article 56 section 3 items 1, 3 and 5 of the Act of 7 May 2009 on Statutory Auditors and their Self-Governance, Entities Authorised to Audit Financial Statements and on Public Oversight.
As at 31 December 2015, the Investment Committee was composed of the following persons:
- Piotr Kamiński — Chairman,
- Alejandro de la Joya Ruiz de Velasco — Member,
- Javier Galindo Hernandez — Member.
The composition of the Investment Committee did not change in 2015.
As at 31 December 2015, the Remuneration Committee was composed of the following persons:
- Marek Michałowski — Chairman,
- Igor Chalupec — Member,
- Alejandro de la Joya Ruiz de Velasco — Member.
The composition of the Remuneration Committee did not change in 2015.
