Carlos Torres Appointed Endesa Senior Vice President - Finance and Control (CFO)
June 15 2007 - 10:32AM
Business Wire
On the proposal of CEO, Rafael Miranda, and following a report from
the Appointments and Remuneration Committee, the Board of Directors
of Endesa appointed Carlos Torres Vila as Company Senior Vice
President - Finance and Control (CFO), effective July 1, 2007.
Carlos Torres will combine this position with his current functions
as Corporate Director of Strategy. Carlos Torres is an electrical
engineer. He holds a degree in business studies from the
Massachusetts Institute of Technology MIT (USA), an MBA from the
Sloan School of Management of the same university, and a law degree
from the National Distance Learning University. In 1990, he joined
strategic consultancy McKinsey & Company, becoming a partner in
1997, particularly focusing on developing corporate and business
strategies in European electricity and gas sectors. He joined
Endesa in 2002 as Corporate Director of Strategy. Carlos Torres
will replace Jos� Luis Palomo �lvarez as Endesa Senior Vice
President - Finance and Control (CFO), who has decided to take
advantage of the Company's retirement scheme effective July 1,
2007. Jos� Luis Palomo has been head of economic / financial
department (CFO) since 1991. The Board of Directors of the Company
expresses its most sincere appreciation for his brilliant and
highly productive management over the period.
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