The total remuneration of the executive president of ACS, Florentino Pérez, increased last year by 12.57%, going from 5,911 million in 2021 to 6,654 million in 2022. However, his remuneration in 2018, of 6,759 million, was higher than last year. While the CEO, Juan Santamaría, was paid 3.84 million euros.
In addition, the latter took office on May 6, 2022, received 2,267 million in cash, 480,000 euros in savings systems and 33,000 euros for other concepts. Instead, he received 1,063 million as remuneration accrued in group companies.
According to the report on the remuneration of directors sent to the National Securities Market Commission (CNMV), of the total received by Pérez last year, 5,260 million was the total remuneration in cash, while 32,000 euros for other concepts.
Other ACS members
José Luis del Valle secretary secretary of ACS
The vice president of ACS, Antonio García Ferrer, received a total of 2,197 million euros for his activity in 2022. In total, the board of directors of ACS received a remuneration in 2022 of 19.65 million euros. The average remuneration of ACS employees in 2022 was 50,000 euros, 11.11% more than the 45,000 they received a year earlier.
Second call on May 5
The Spanish construction company will propose at its next general meeting of shareholders the re-election of its president, Florentino Pérez, as executive director for another four years and the appointment of Lourdes Maíz and Lourdes Fraguas as independent directors. In this way, Florentino Pérez will foreseeably remain in the presidency of ACS until 2027. Born in March 1947, Pérez will reach the end of his term at the age of 80.
As reported by the company this Thursday to the National Securities and Markets Commission (CNMV), the shareholders’ meeting will foreseeably take place on May 5 on second call at 12:00 p.m. in the South Auditorium of Ifema Madrid.
6 directors will also be reappointed
On this day, the re-election of six other ACS directors will also be approved. Among these, the re-election of José Luis del Valle Pérez, current director, as executive director for another four years stands out. Likewise, three independent directors (Antonio Botella, Emiliano García and Catalina Miñarro), one external (Pedro José López Jiménez) and another proprietary (María Soledad Pérez) will be ratified. In addition, the number of Council members will be set at fifteen.
The capital increase charged entirely to reserves and the authorization for the capital reduction to redeem own shares will also be matters that will be addressed at the shareholders’ meeting, as well as the reduction of share capital for the purpose of redeeming own shares. Other issues to be discussed will be the usual approval of the annual accounts, the remuneration of directors (which will be submitted to a consultative vote) and the appointment of auditors.