Press releases

2021/04/29

Appointment of (Mr) Javier Martínez Ojinaga as the new Chief Executive Officer of the Company

The Board of Directors of the CAF Group has reached a unanimous decision to appoint Javier Martínez Ojinaga as Chief Executive Officer, who will assume office on 1 September 2021.

This decision has been made against a backdrop of intense management workload and far-reaching strategic opportunities that the Group must address in both the short and medium term.

The appointment of the Chief Executive Officer forms part of a carefully prepared transition process. A graduate in Economic Law at the University of Deusto and having obtained an MBA at the University of Glasgow, Javier Martínez Ojinaga joined CAF's Board in 2015, where he has served as Chairman of the Auditing Committee and Coordinating Director.

In the words of the Chairman, Andrés Arizkorreta, “this decision is testimony to our commitment towards the continuity of the project and the team that has brought us this far. We have every confidence that this move will take us even further along the path of CAF Group's sound strategy for growth, profitability and sustainability”.

Martínez Ojinage noted that “The CAF Group boasts a talented and dedicated management team determined to continue growing profitably, providing a wider range of products, services and markets, and continually striving towards greater efficiency on a daily endeavour where technology and personnel contribution play a vital role. This is without a doubt an exciting project.”

This growth omen is supported by well-founded arguments such as the rail transport sector recovery prospects as well as the development of urban electromobility, an area in which the CAF Group enjoys a privileged position with a combined rail and bus offer.