Naviera Armas Trasmediterránea is immersed in a decided transformation plan, started with the sale of assets in the Balearic Islands, to which is now added the restructuring agreement with creditors, which will be effective in the next few months and the launch of the Future Plan.

The Future Plan is anchored in three fundamental pillars (profitability, transformation and integration), five lines of action (customer, costs, digitization, governance and talent) and a new corporate structure.

The new corporate structure will consist of the Board of Directors and the Management Committee. The Board of Directors will be led by Antonio Armas Fernández, as executive chairman, with Antonio Armas Mead, CEO, Fernando Val and two independent directors appointed by the shareholding entities as directors.

The new Management Committee, to be led by Fernando Val, combines the incorporation of top-level executives and the promotion of internal talent, dividing the organization into six divisions.

Joaquín Viejo is promoted to Director of Operations of the Group, after assessing extensive experience in different areas of the Grupo Armas Trasmediterránea.

Marc Canalda joins the Finance Department after more than 25 years of experience in multinational companies and with extensive experience in transformation projects.

Juan Carlos Iglesias joins as Commercial Director of the Group. He has more than 25 years of commercial experience in a variety of sectors, including the shipping, retail, digital and aeronautical world.

José Ángel Brandín will lead the new Integration and Corporate Services Department, backed by more than 30 years of experience as financial director and general auditor of a good number of multinational companies in Spain and Europe.

Agustín Aguilera and Paul Díaz-Saavedra, current directors of Operations and Human Resources, respectively, will form part of the new Management Committee.

In the words of Fernando Val himself, “we have a new corporate structure, investors who trust the plan and great internal human capital. All this with the aim of facing the significant challenges that lie ahead ”.