If it weren’t for the last name and the position he will hold, the name that slipped into Ferrovial’s most anticipated Shareholders’ Meeting would have gone unnoticed. In addition to the approval to transfer the headquarters of the Spanish company to the Netherlands, the Board of Directors has received the go-ahead to appoint Ignacio del Pino Fernández-Fontecha as proxy of the Spanish branch of the company Ferrovial Internacional SE together with Francisco Javier Martínez Pardo. Although the second son of the president of Ferrovial has remained in the background up to now, since January of this year he has begun to rise in positions of responsibility.
Ignacio del Pino, just turned 34 years old, He is the second of the three children of Rafael del Pino (Raphael and John). He trained in the United States, first at the Massachusetts Institute of Technology (MIT) in Boston and later completed an MBA from the Standford Graduate School of Business. After completing his studies, Del Pino crossed the Atlantic to enter the job market with the City of London. He first started working at JP Morgan headquarters in 2011, and later jumped to the Oaktree fund team that negotiated the discounted purchase of debt from troubled companies until 2015.
In 2017 he returned to the United States and joined the family holding company from Cintra, Ferrovial’s highway concessions subsidiary. Del Pino served as CEO of the operators of the I-77 highways in North Carolina and the Dallas Highways in Texas for five years. The second of Rafael del Pino accepted the position of financial director of railway mid-January 2023 to take charge of the financing and treasury functions, investor relations and investor analysis, a step that coincides with the escalation of responsibilities that Rafael del Pino assumed in his day.
In charge of the Spanish subsidiary
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The Board of Directors did not want to wait for the outcome of the Shareholders’ Meeting to legally formalize the reorganization of the company. Ferrovial has established the subsidiary Ferrovial International SE Branch in Spain and has appointed Ignacio del Pino as proxy. The new company began operations on March 16, although the deed of its incorporation was formalized on the 28th of the same month, when Ferrovial announced its intention to transfer the company’s headquarters to the Netherlands. Its registration in the commercial register was made on April 4, although it has been published in the Mercantile Registry Bulletin (BORME) and was created with an initial economic endowment of 60,000 euros with address on Príncipe de Vergara street.
The other proxy will be Francisco Javier Martínez Pardo, current corporate director of financing and treasury since January 2023. She has a double degree in Law and Business Studies from ICADE and also completed the IESE Management Development Program and the CFA Program. His career coincides for the most part with that of Ignacio del Pino: he worked for 4 years at JP Morgan and made the leap to Cintra, where he held the position of head of project financing and head of economic-financial analysis for 19 years.