Structure of the Management Board and the Supervisory Board

Management governance Structure of the Management Board and the Supervisory Board Management approach CSR strategy
GRI:

In compliance with regulations applicable in Poland for listed companies, the Company authorities include: the Management Board, the Supervisory Board and the General Meeting of Shareholders. The role of the Management Board is primarily to manage the Company, set out its strategic objectives and to achieve them, as well as to ensure effectiveness and security. The Supervisory Board exercises permanent supervision over the Company's operations. It provides opinions on its strategy and verifies work of the Management Board within the scope of accomplishing established strategic objectives, as well as monitors the results. The Board has also the right to demand the performance of necessary expert opinions and tests within the scope of issues being the subject of its supervision and control. The General Meeting of Shareholders decides on the most important issues concerning the existence and activities of the Company. Members of the General Meeting of Shareholders may decide, among others, on the composition of the remaining authorities and on the use of the Company’s profits.

In 2018, there were changes introduced in the Management Board of Budimex SA. Fernando Luis Pascual Larragoiti, who from 2014 to 18 December 2018 had performed the function of Vice-President of the Management Board, resigned from his role due to the acquisition of new obligations in the Ferrovial Group and joined the Supervisory Board of Budimex SA.

As of 31 December 2018, the Management Board of Budimex SA included:

  • Dariusz Jacek Blocher, President of the Management Board, General Manager,
  • Jacek Daniewski, Member of the Management Board, Director of the Legal and Organisational Department,
  • Radosław Górski, Member of the Management Board, Director of the General Construction Department,
  • Cezary Mączka, Member of the Management Board, Director of the HR Management Department,
  • Artur Popko, Member of the Management Board, Director of the Infrastructural Construction Department,
  • Henryk Urbański, Member of the Management Board of Budimex SA, President of the Management Board of Budimex Nieruchomości Sp. z o.o.,
  • Marcin Węgłowski, Member of the Management Board, Director of the Financial and Economic Department.

In 2018, the Supervisory Board of Budimex SA was also joined by Juan Ignacio Gaston Najarro, taking the function of Vice-Chairman. Fernando Luis Pascual Larragoiti and Juan Ignacio Gaston Najarro replaced Alejandro de la Joya Ruiz de Velasco and Ignacio Clopes Estela. At the end of 2018, the Supervisory Board of Budimex SA included:

  • Marek Michałowski, Chairman of the Board,
  • Juan Ignacio Gaston Najarro, Vice-Chairman of the Board,
  • Igor Adam Chalupec, Secretary of the Board,
  • Marzenna Anna Weresa, Member of the Board,
  • Javier Galindo Hernández, Member of the Board,
  • Piotr Kamiński, Member of the Board,
  • José Carlos Garrido-Lestache Rodriguez, Member of the Board,
  • Janusz Dedo, Member of the Board,
  • Fernando Luis Pascual Larragoiti, Member of the Board.

Just like in previous years, in 2018, there were operating three committees within the Supervisory Board:

  • Audit Committee (Marzenna Weresa – chairwoman, Javier Galindo Hernández, Janusz Dedo);
  • Investment Committee (Piotr Kamiński – chairman, Fernando Luis Pascual Larragoiti, Javier Galindo Hernández);
  • Remuneration Committee (Marek Michałowski – chairman, Igor Chalupec, Fernando Luis Pascual Larragoiti).

Members of the Management Board and the Supervisory Board participate in works of teams or committees that aim at the development, implementation and monitoring of the Budimex Group's impact on the natural environment and society (e.g. CSR Committee, Ethics Commission).

Budimex Group and Budimex SA are managed and supervised by competent persons that can provide a strong position on the market. Current CVs of Members of the Management Board and the Supervisory Board are available on the Budimex website. According to the declarations submitted, Marzenna Anna Weresa, Piotr Kamiński and Janusz Dedo are independent members of the Supervisory Board.