The Board of Directors appointed Javier Molina, currently Chief Executive Officer, as Executive Chair of Befesa to lead the implementation of Befesa's corporate and sustainability strategy, including CO2 reduction plans, ESG and the SGGP. Asier Zarraonandia, currently Vice President of the Steel Dust Recycling Business will take over as Chief Executive Officer of Befesa. As Chief Executive Officer, he will be responsible for the day-to-day management across Befesa's businesses, being responsible for all operations including production, supply chain and commercial.

Romeo Kreinberg, currently Chair of the Board of Directors, has been appointed Lead Independent Director and remains Chair of the Nomination and Remuneration Committee.