Changes in the board of directors

Monday, 05 November 2012.

Cambios en el Consejo de Administración

Appointment of Pedro Santisteban as a second independent member of the board of Natra.

The board of directors of Natra agreed, at its meeting on October 31, 2012, the appointment of Mr. Pedro Santisteban Padró as independent director of the company. The appointment was made by co-option by the period running until the next General Meeting of Shareholders, which must ratify the appointment. Mr. Pedro Santisteban Padró filled the vacancy left by Mr. Ignacio Lopez-Balcells Romero, who presented his resignation as director of the company for the appointment of Mr. Santisteban at that same meeting. Mr. Lopez-Balcells will, however, continue in his position as secretary non-director of the Board of Directors of Natra.

Mr. Pedro Santisteban has a degree in Law from the University of Deusto (Spain) and a Master’s degree in Business Administration. He has over thirty-five years of experience in general management areas as well as legal and human resources departments in multinational companies of consumer goods (drugstore, perfumery and cosmetics) and soft drinks.

With the appointment of Mr. Pedro Santisteban as a second independent director of the company, along with Mrs. Ana Muñoz, Natra reinforces its corporate governance regarding the defense of the minority shareholders’ interests.

Additionally, and with the aim that the two board committees (Audit Committee and Nomination & Remunerations Committee) are chaired by independent directors, Mr. Pedro Santisteban was appointed at the same meeting chairman of the Nomination & Remunerations Committee, replacing Mr. Xavier Adsera Gebellí, who remains as member of that committee.

The current remuneration system of the Board of Directors of Natra, with an annual remuneration per director and additional compensation for the chairmen of each committee, makes that the appointment of this new independent director does not involve any additional costs to Natra.

Download original text (PDF)