Gas Natural Fenosa restructures its businesses into four main areas

  • The company is simplifying the corporate roles that will be responsible for defining the global policies and ensuring cohesion and growth by the group.
  • The new structure will promote the Strategic Plan 2018-2022, which will be presented in June.

GAS NATURAL FENOSA has defined an organisational structure in which business areas are strengthened and both business and corporate areas are simplified. The new company management will give business units full responsibility over their area of activity while adapting the organisation to company needs once the new Strategic Plan 2018-2022 is approved at the end of June.

“This new structure will simplify and speed up management at GAS NATURAL FENOSA in order to give businesses more autonomy in their area of activity and build an organisational structure that can adapt to the challenges we face as a multinational power company in an increasingly competitive and digitalised world”, said Francisco Reynés, Chairman & CEO of GAS NATURAL FENOSA.

It should be noted that the number of business units has been reduced from six to four. Each one will have the necessary resources to independently manage and hold full responsibility over its area of business.

The new business units, which will be responsible for maximising free-cash-flow in the business and enhancing organic development, are:

  • Gas & Electricity Business, run by Manuel Fernández. This includes the businesses of electricity generation and renewables, gas supply, LNG commercialisation and logistics worldwide and gas and electricity commercialisation in Europe.
  • Infrastructures Business Spain & EMPL – Medgaz, run by Rosa Ma Sanz. This includes the businesses of gas and electricity networks in Spain and the Maghreb gas pipelines.
  • Infrastructures Business Latin America Southern Zone, run by Antonio Gallart. This includes the gas and electricity networks in Chile, Argentina, Brazil and Peru.
  • Infrastructures Business Latin America Northern Zone, run by José G. Sanleandro. This includes the gas and electricity networks in Mexico and Panama.
  • Finance, run by Carlos J. Álvarez.
  • Strategy and Corporate Development, run by Antoni Basolas.
  • General and Board Secretary’s Office, run by Manuel G. Cobaleda.
  • Capitals Market, run by Steven Fernández.
  • Controlling, run by Jon Ganuza.
  • Communication and Institutional Relations, run by Jordi Garcia Tabernero.
  • Corporate Resources, run by Antoni Peris.