The fact that two new members joined the Management Board proves that the Group applies the best practices in corporate management

The energy group Audax Renovables (ADX.MC) – which both produces and sells 100% renewable energy and gas – has changed and strengthened its Board of Directors by inviting two new members to this most important governing body of the Group. By unanimous resolution, the Board of Audax Renovables appointed Anabel López Porta and Rosa González Sans as its members. They will perform their functions for the next four years.

The election of these talented members to the Management Board of the Group is in line with the best practices of corporate management and implies the introduction of certain changes in the structure of the Management Board.
Anabel López graduated in Law from the University of Barcelona and in Management from IESE Business School. He has over 16 years of experience in the renewable energy sector and capital markets. Currently, he is responsible for the production portfolio of the Audax Group; he is also a member of the management board of several other subsidiaries of the Group. She started her professional career in 1995 in the Godó Group, where she worked in the finance and controlling departments. In 2004, she joined Fersa Energías Renovables and became its CEO in 2015. She carried out a sale transaction of the company, which ended with its acquisition by Audax Energía, SA She was directly involved in the merger by acquisition operation, which resulted in the Audax Renovables Group. Recently, she was elected a member of the Management Board and the Audit and Compliance Committee of Ezentis Group, SA as a representative of Eléctrica Nuriel - a company controlled in 100% by José Elías.

Rosa González has over 12 years of experience in the energy market, specifically in energy sales. She was the founder and for 11 years also a partner of the advertising company Mediaworks, SA She joined the Audax Energía Group shortly after its establishment. Throughout her professional career in the Group, she held managerial positions in the finance and HR departments, which gave her a broad view of the company's operations. Working directly with the president of the Group, José Elías, she participated in transactions carried out by the company on the international arena. In 2016 and 2017, she was responsible for the development and expansion of the Audax Group, and until 2018, she was the general director of the Group's subsidiary in Italy. Currently, he is a board member of several subsidiaries of the Audax Renovables Group.

With the new members elected, Audax Renovables' top governing body now has six members, including two women. The share of women in it is currently 33%, i.e. more than 30% - the threshold, which was planned to be reached in 2020 - and therefore it is approaching the level set by the latest modification of the Code of Good Governance, which is 40% and which is planned to be reached in 2022.
This composition of the Management Board is an expression of the company's commitment to meeting the recommendations of the Code of Good Management. It is used by listed companies and published by the Spanish National Stock Exchange Commission. The Code contains guidelines on diversity, both in terms of education and experience, as well as gender (it is recommended that women make up the already mentioned 33% of the board) and independence (independent members are to make up the 33% of the board). This makes the management board a balanced body focused on achieving a common goal, which is to promote the company's interest through the active and valuable work of all members.

On the occasion of the election of new members of the Management Board, there were also personnel changes in certain committees of the Management Board. Anabel López also became a member of the Audit Committee and the Appointment and Remuneration Committee.
It is worth emphasizing that the Management Board also includes an independent coordinator of works, performing an executive function, who presides over the works. It performs the functions listed in the Code of Good Corporate Governance. At the same time, all advisory committees of the Management Board are composed mainly of independent members; they are also headed by independent persons.
As stated by the President of the Management Board, José Elías, the election of Rosa González and Anabel López as members of the Management Board gives the Group a wider range of knowledge, skills and experience, which will positively affect the work of the Management Board and the quality of decisions made.

The Audax Group, an energy company combining two types of activity, producing energy in 100% from RES, a few weeks ago announced a strategic turn and concentration of forces and resources on energy generation. In addition, a new strategic plan is in preparation and will be made public shortly.