The Directors of Readymix PLC announce that Ignacio Ortiz has resigned as a Director of the Company for business reasons and Mr. Ignacio Madridejos has been appointed as a Director of the Company, both changes with effect from 27 February 2008.
Ignacio Madridejos holds a degree in civil engineering from the Polytechnic University of Madrid and has an M.B.A. from the Stanford University (USA). He was President of Cemex Spain from 2003 to 2007 and, previously, he was President of Cemex Egypt for three years. He has also held various positions for Cemex in Mexico, Colombia, Panama and Spain. Before he joined Cemex, he worked for McKinsey in Argentina and Agroman in Spain. He has been the President of OFICEMEN, the representative organisation of the cement industry in Spain, for two years.