Juan Pepa leaves Neinor

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The hitherto member of the board of directors of the promoter joined the company in May 2015 and was one of the top responsible for its IPO.

Juan Pepa, one of the top executives of the promoter's IPO, has ceased to be a member of the company's Board of Directors, as reported in a statement sent to the National Securities Market Commission (Cmnv).

Pepa has decided to leave the company "due to the increase in activity planned in Stoneshield Capital", a company of which he is a founding partner, "and the consequent reduction in time available" to devote to the Board of Directors of Neinor.

Pepa was a key figure in the creation of Neinor Homes as a strong man of Lone Star in the Iberian Peninsula. With the manager in charge, the US fund bought the Kutxabank real estate arm for 930 million euros in December 2014 and, after renamed it, took it publicly in March 2015 with a capitalization of 1.3 billion euros.

Although the manager left Lone Star in November 2017, he continued to be linked to Neinor Homes, of which he was currently chairman of the Real Estate Investment Commission and member of the Appointments and Remuneration Committee.

He leaves only a few months after the step back that the former CEO of the company Juan Velayos took last April. Both were the protagonists of one of  the largest IPO of a real estate agency in Europe and the first of a promoter in Spain since 2005.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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