Changes in the Management of Bioiberica
Statement:
At the end of May 2016, Mr. Josep Escaich has ceased to be the CEO of Bioibérica S.A. The Board of Directors of Bioibérica nominated Mr. Jordi Vidal as interim Chief Operating Officer (COO) joining the Management of Bioibérica for the coming months to support the transition until a new CEO will be nominated. Mr. Vidal is an experienced executive who has worked in Rhenus South-Europe for 5 years and before in Cognis Iberia for 8 years.
The Board is very confident that the Management of Bioibérica will be able to realise with the experienced, dedicated and highly motivated team of Bioibérica, a successful transition developing forward Bioiberica's important customer relationships and its good market position.
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This endorses the company's commitment and responsibility to strengthen and consolidate its ethical corporate governance based on the strictest legal and regulatory standards.