The General Meeting of Ferrovial Shareholders, chaired by Rafael del Pinohas been held in Amsterdam, where he stressed that 2024 has been exceptional for the company. Among the most prominent achievements is the beginning of the price in Nasdaq in New York.
With a 70.43% quorumall points of the agenda were approved, including the New policy of remuneration of the directors. This policy implies a 10% increase in the fixed remuneration of the president, Rafael del Pino, and the CEO, Ignacio Madridejos, as well as a 20% increase for the rest of the counselors.
In this sense, the President will receive a base salary of 1.65 million euros, the 1.6 million CEO, and the maximum for the rest of the directors will be 2.28 million euros.
Bruno di LeoPresident of the Commission of Appointments and Remuneration of the Council, defended that the remuneration has not varied since 2022 for the Council, since 2021 for the President and since 2023 for the CEO. In addition, it was stressed that accumulated inflation since 2021 is 18% and that the average salary of the company’s employees has increased by 18.5%.
The Board approved the Rafael del Pino re -election and Ignacio Madridejos as executive counselorsas well as other council members. The re-election of José Fernando Sánchez-Junco, which obtained 5.7% of votes against.
As for remuneration in 2024it was reported that Rafael del Pino received 6.49 million euros, 21% more than the previous year, while Ignacio Madridejos won 5.7 million, 35% more, due to incentives and objectives fulfilled.
PwC She was designated as a legal external audit for the exercises between 2025 and 2027. The election was based on her experience in US regulations and the audit of non -American companies that quote in the US. UU., In addition to offering more competitive fees.
As for the Dividend, a total of 570 million euros were proposed in the form of a flexible dividend and in a sharing repurchase plan, exceeding 550 million of the previous year. An additional shares of shares of up to 500 million euros was also approved.
During his speech, Rafael del Pino highlighted the achievements of 2024, such as the divestment at Heathrow airport and the 50% sale in AGS. In addition, he stressed that Ferrovial shares closed the year at 40.60 euros, with a revaluation of 23%, exceeding the 14.8%rebound of Ibex 35. The total return to the shareholder was 25.7%, distributing 831 million euros among the shareholders.