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Merlin Strengthens its Board with Manuel Lao and Banco Santander to Prepare for the Crisis

The Socimi is proposing the appointment as directors of its new shareholder Manuel Lao and another representative from Banco Santander, so that "they can provide the added value that the company will need in this new economic environment."

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Ismael Clemente, CEO of Merlin Properties.

The Socimi Merlin Properties is going to hold its Shareholders’ Meeting on Wednesday with two keys items on the agenda: the incorporation of new directors to expand its senior management body and strengthen it in the face of the crisis. And the impact of the crisis on the management of its rentals. In this way, the businessman Manuel Lao, the company’s second-largest shareholder, will be represented by María Ana Forner Beltrán, while Banco Santander will incorporate a third director.

Merlin argues that the current situation generated by the pandemic “triggers the need to maintain a board with a large number of members who, with their vision and experience, will provide the added value that the company is going to need in this new economic situation.”

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