SOCIAL RESPONSABILITY
AND SUSTAINABILITY
REPORT
2018
120
SIGNIFICANT CHANGES
DURING THE PERIOD
COVERED BY THE
REPORT AFFECTING THE
SIZE, STRUCTURE AND
OWNERSHIP OF THE
ORGANIZATION
• In 2017 PRISA announced the sale of its Portuguese
subsidiary Media Capital, set to take
place 2018.
• The main changes to the Board of Directors of
PRISA in 2017 were:
• Succession of the Executive Chairman:
Last October the Board of Directors initiated
the succession of the Executive Chairman,
Juan Luis Cebrián Echarri. After considering
several alternative candidates, the Board of
Directors, at the meeting held in December
2017, accepted Juan Luis Cebrián Echarri’s
resignation as a director and Executive Chairman
and appointed Manuel Polanco Moreno
– at that time an executive and Deputy Chairman
– as non-executive Chairman of PRISA
with effect from January 1, 2018.
• Succession of the CEO: In June 2017 Manuel
Mirat Santiago was appointed CEO, replacing
José Luis Sainz Diaz in the post, with
effect from September 4, 2017. From January
1, 2018 and after the replacement of the
Chairman, Manuel Mirat has held this post in
his capacity as chief executive of PRISA.
• Reorganization of the Board of Directors:
Throughout the year 2017, the composition
of the Board of Directors has undergone reorganization,
with the departure of 9 directors
and the entry of 6 new directors, including the
succession of the CEO, all of which has also
led to a reconfiguration in the composition of
all committees of the Board. The succession
of the Chairman took effect from January 1,
2018.
In February 2018, the Board of Directors appointed
the independent director Javier Monzón de
Cáceres, as non-executive Deputy Chairman of
the Board.
This reorganization is linked to changes in the
Chairmanship of the Company and to capital operations
carried out in recent months.