At its shareholders’ meeting scheduled for the last week of June, Molins’ board of directors will appoint Julio Rodríguez, its former CEO as a director, replacing Juan Molins Monteys and implying a rebalancing of forces between the three branches of the family, according to Notices Financieras.
Financial sources explain that the former CEO is seen as a man of consensus by the three branches, thanks to the positive results during his decade-long tenure at the company, which he interrupted for personal reasons. They do not even rule out the possibility that he could at some point be more than just a director, which would definitely balance the weights on the board if a third vice-presidency or some other type of figure were to be created.
At the same meeting, shareholders are expected to re-elect Juan Molins Amat, current chairman, as well as Beatriz Molins, proprietary director, and Jean-Carlos Angulo, independent director.
The three branches of the Molins family share more than 90 per cent of the cement producer’s capital. The Molins Amat, through Noumea, account for 31.5 per cent while the Molins Gil with the Carters de Inversiones CM account for 25.2 per cent. Molins López-Rodó with Otinix control 33.6 per cent.
