Overview

• Francisco Reynés, currently president executive of Naturgy, has been appointed executive vice president of Criteria Caixa, replacing Ángel Simón.
• The decision follows internal tensions regarding Simón’s rapid portfolio expansion, including increased stakes in Telefónica and other high-profile acquisitions.
• Under Reynés’s leadership, Criteria aims to implement a strategic plan to grow its assets by 48%, reaching €40 billion through measured acquisitions.
• The preliminary agreement to acquire a 20% stake in steel company Celsa remains on hold, despite initial backing from the Spanish and Catalan governments.
• Reynés brings extensive experience from his leadership roles at Naturgy, Abertis, and other major firms, signaling a shift toward consolidated governance and strategic growth.