Spain's Repsol bows to shareholders pressure, adds CEO role
MADRID, April 30 (Reuters) - Spanish energy group Repsol , under pressure from shareholders to improve corporate governance, on Wednesday created a new role of chief executive officer to take over day-to-day management duties from Chairman Antonio Brufau, a source with knowledge of the situation told Reuters.
Josu Jon Imaz, a well-known former politician from the northern Basque region who joined Repsol in 2008, will become chief executive while Brufau, who has served as executive chairman of Repsol for nearly a decade, will remain as chairman in a non-executive faculty.
Repsol later confirmed the appointment. (Reporting by Carlos Ruano, writing by Elisabeth O'Leary; Editing by Julien Toyer)
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