Mr Urrutia Vallejo was appointed to the Board in 1981. He previously held a wide range of senior
management positions and was a director of Corporación IBV, of IBM España, S.A. and of Babcock
Wilcox, S.A., a director and member of the executive committee of Hidroeléctrica Española, S.A., of
Iberduero, S.A., and of Firestone, S.A., and the chairman of Begano, S.A. Mr Urrutia Vallejo is currently
the chairman of Compañía Castellana de Bebidas Gaseosas, S.A., the vice-chairman of Iberdrola, S.A. and
is a director of Barclays Bank S.A., Compañía Vinícola del Norte de España, S.A. and of Viñedos del
Contino, S.A. He was a professor of accountancy at the Universidad Complutense de Madrid. Mr Urrutia
Vallejo holds a PhD in Economics from the Universidad Complutense de Madrid and a degree in Law
from Universidad de Oviedo.
