Changes to PRISA´S board of Directors

At a meeting of Prisa’s Executive Committee held this week, the resignation was announced of Matías Cortés for personal reasons. Matías Cortés was part of the founding group of El País and had sat on Prisa’s board since 1977. As a member of the Board of Directors, and as legal counsel and lawyer for the company, he provided a range of vital services to the company throughout its history. His contribution at crucial moments for the company was of paramount importance, notably his role in the recapitalization of the Group and the restructuring of its debt in 2010. Cortes, 75, will continue providing professional services to Prisa.

During the meeting of the Executive Committee in which Cortés’s resignation was announced, the executive chairman of PRISA, Juan Luis Cebrian, highlighted the importance of the  contributions made by Cortés over the years,  expressed his gratitude for his years of service, and said he hoped that he would continue to provide his services as legal advisor and lawyer. "PRISA's history would have been very different, and worse, without him," said Cebrian, who recalled that Cortes was present in all major decisions of the company since its founding. "In the future”, he predicted, “he will remain so."

Matías Cortés Domínguez (Granada, 1938) graduated in Law from the University of Granada and holds a Doctorate in Law from the Universita di Bologna (Italy). He is also Professor of Economics and Public Finance at the University of Granada, and Professor of Tax Law at the Autonomous University of Madrid and the Complutense University of Madrid. He was a member of Prisa’s Board  since 1977, a member of its Executive Committee and its Corporate Governance Committee, and Chairman of the Audit Committee. Matías Cortés is a partner of Cortés Abogados law firm and a member of the Board of Directors of Sacyr Vallehermoso, SA.