Carlos M. Jarque has stepped down as CEO of FCC Group and the Board of Directors has unanimously decided to name Pablo Colio as his replacement. Mr. Jarque said that he had achieved his goals and that, for personal reasons, he wished to return to Mexico to be closer to his family. He added that, "notwithstanding the challenges that remain, under the leadership of Mr. Carlos Slim and with the support of the company's Board, executives and staff, FCC is now experiencing a new and positive cycle, as reported to the last Shareholders' Meeting on 28 June 2017, which offers me the opportunity to return to Mexico and rejoin America Móvil."
Jarque thanked the Board of Directors and all the employees for their support during his period as CEO. In particular, he expressed his gratitude for the support and trust of Carlos Slim, Esther Koplowitz and Esther Alcocer in achieving the goals set for the company upon his appointment as CEO. He wished every success to FCC and its new CEO, Pablo Colio. Jarque will remain as a member of the Board of Directors of FCC. The Board of Directors granted discharge to Jarque and thanked him for his services.
Pablo Colio graduated from the Madrid School of Architecture in 1994. He has been working at FCC for close to 23 years. He has been General Manager of FCC Construction since January 2017. From May 2016 to December 2016, he was Manager of FCC Construction International and General Manager of FCC Industrial. Between September 2012 and April 2016, he was General Manager of FCC Industrial. He was formerly Head of the Building Department in Iberia Servicios y Obras.
Colio will combine the new position of CEO with his previous role as General Manager of FCC Construccion. Within FCC Group, Colio also served as the General Manager of FCC Industrial. He was responsible for its international expansion and the unification of all industrial companies of FCC Group under the brand FCC Industrial.
In his first words after his appointment, the new CEO thanked the Board of Directors and shareholders for his appointment. He also acknowledged the trust placed in him to take on this new role within FCC Group as a person with a clear vision of the business and a long career within the company. He said he "would like to thank all members of the Board of Directors and shareholders for their trust in me. It is a great honor to assume this responsibility that I accept with enthusiasm and excitement, dreaming of a great future for FCC Group ".
The Board of Directors of FCC has made an explicit recognition of the work of Carlos M. Jarque during the years he headed the company.