• The former CEO of the Company, José María de Oriol Fabra, has been appointed as non-executive Vice-Chairman of the Board of Directors.
• Gonzalo Urquijo Fernández de Araoz, new Chief Executive Officer of Talgo. The new CEO will continue driving the current growth strategy, enhancing the internationalisation and diversification of the company.

Talgo has appointed Gonzalo Urquijo Fernández de Araoz as the company’s new Chief Executive Officer. Gonzalo Urquijo will assume the post as of today and will work with the objective of continuing to enhance the current strategy of growth through internationalisation and diversification of the company.

Gonzalo Urquijo initiated his professional career in the banking sector, at Citibank and Credit Agricole, developing his professional activity in the steel sector. He has been Chief Financial Officer of Aceralia and subsidiaries, General Director of the Arcelor Group, as well as Chairman of ArcelorMittal Spain and a member of the general management of Arcelor Mittal. He has been Executive Chairman of Abengoa.

The new CEO replaces José María Oriol, who from today will take up the position of non-executive Vice-Chairman of Talgo’s Board of Directors. As Vice-Chairman of the Board, José María Oriol will continue his involvement in Talgo, providing his knowledge and valuable experience as the company’s CEO over the past 18 years.

Carlos Palacio Oriol, Chairman of Talgo, said: “Gonzalo’s proven lengthy track record as an industrial top executive, as well as his strong and solid leadership experience, will help to continue with Talgo’s strategy to drive its long-term sustainable growth.”

Gonzalo Urquijo Fernández de Araoz added: “It is an honour for me to become CEO of a leading and renowned company in the railway sector worldwide. With almost 80 years of perfecting innovation, Talgo is perfectly positioned to lead sustainable passenger transport at a time of transformation in the mobility sector, as the economy and society transition towards greater efficiency and lower emissions”.

About Talgo

Talgo is a leading company in the design, manufacture and maintenance of high-speed lightweight trains with industrial presence in nine countries: Spain, Germany, Denmark, Kazakhstan, Uzbekistan, Egypt, Russia, Saudi Arabia and the United States. The Company is recognized worldwide for its innovative capacity, distinctive unique technology and service reliability.

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Aída Prados y Esther Almendros
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