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Enagás board salary breaks record after skyrocketing 44.6% to compensate Marcelino Oreja.

The remuneration of the board of directors of Spanish gas pipeline network owner Enagás increased by 44.6% in 2022 to a record 7,888 million euros as a result of the compensation paid to the company’s former CEO, Marcelino. Oreja Arburua, who was replaced by Arturo Gonzalo Aizpiri a year ago.

Oreya’s compensation amounted to 1,629,930 euros, increasing the remuneration of the former PP deputy appointed in 2012 to 2,302 million, according to the remuneration report sent to the National Securities Market Commission (CNMV) this Wednesday.

Oreja Arburua’s contract provided that in the event of voluntary termination of the company, the executive would be entitled to receive compensation equal to two annual payments of his fixed salary, plus 80% of his fixed salary over two years, subject to a non-negotiable agreement. By that time.

On the other hand, the chairman of Enagás, Antonio Larden, who ceased to exercise executive functions last March, received 1.83 million, 14.19% less than 2.14 million in 2021. Arturo Gonzalo, who accepted the position of CEO on February 21. A total of 1.62 million

Of the 1.83 million received by Larden in 2022, 976,000 euros correspond to cash compensation, 509,000 to consolidated financial instruments, 321,000 to compensation for savings systems and 33,000 to other concepts. As for Arturo Gonzalo, of the 1.62 million received in 2022, 1.33 million was cash, 191,000 euros for savings systems and 99,000 for other concepts.

At the end of the year, the nine-person senior management team received 9.558 million, which will practically double the 5.576 million in 2021, after four managers left in a new organizational structure approved in June to review the group’s new strategic plan. The key to the future Barcelona-Marseille water pipeline.

Among the independent members of Enagas, the highest paid last year was former PP foreign minister Ana Palacio and independent director coordinator, with 190,000 euros. Former Socialist ministers José Montilla and José Blanco received €175,000 and €160,000 respectively.

The average salary of Enagás employees in 2022 was 75,000 euros, representing an increase of 2.74% compared to 73,000 euros the previous year.

The owner of the Spanish gas pipeline network, the largest shareholder of which is the state with 5%, lost 375.8 million last year due to the impact of the 2021-2026 regulatory framework. 380 to 390 million in profit, which included a net capital gain from the sale of the Morlos pipeline (Mexico), an operation expected to close in the first four months of this year with a capital gain of 40. million.

Source: El Diario





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