Molins shareholders approved all the Board of Directors’ proposals at the Annual General Meeting
Published by Evie Gardner,
Editorial Assistant
World Cement,
Molins’ Annual General Meeting of Shareholders, which was held today in Madrid in a hybrid model that included both physical and online attendance, has approved by a large majority all proposals made by the Board of Directors.
Among the approved measures was the appointment of Marcos Cela as new CEO replacing Julio Rodriguez, who has held the position for the last nine years. This change resulted by a process planned during the last year and a half, when Julio Rodríguez informed the Board of Directors about his decision to resign.
The Board of Directors of Molins expresses its deepest gratitude to Julio Rodríguez for all these years of intense work, commitment, personal leadership and excellent results, and wishes Marcos Cela every success in this new stage.
Marcos Cela holds a degree in business management by the University of Barcelona, an MBA by ESADE Business School and a PADE senior management program by IESE Business School. He developed his career at Decathlon Spain and Bic Graphic Europe, joining Molins in 2004 as finance director, a position he held until 2014. From that date until today, he has been a member of the Executive Committee responsible for the regions of Asia, Africa and South America.
Additionally, the shareholders approved the annual report and the annual financial statements for the year 2023, highly appreciating the company’s growth and the results achieved with a net profit of €151 million despite an uncertain and highly complex global environment. It also approved the non-financial information report, the maximum amount of the Board’s compensation for the 2024 financial year, as well as the Board of directors’ compensation policy for the 2025, 2026 and 2027 financial years.
Improved shareholders remuneration
Shareholders approved the proposed distribution of a complementary dividend for the year 2023 of €0.52 per share, resulting in a total dividend for 2023 of €0.92 per share, an increase of 35% compared to the previous year, and equivalent to a 40% dividend payout. This complementary dividend, in line with the company's shareholder remuneration policy, will be paid on 17 July.
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Read the article online at: https://www.worldcement.com/the-americas/27062024/molins-shareholders-approved-all-the-board-of-directors-proposals-at-the-annual-general-meeting/
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