Check out your Company Bowl for anonymous work chats.
Ferrovial has teamed up with U.S. technology consulting firm DXC Technology to jointly develop the platform known as Quercus to accelerate and scale the adoption of Generative Artificial Intelligence (AI) across the infrastructure company’s businesses and assets. DXC will oversee maintaining, developing, and marketing Quercus, which is based on a Ferrovial Generative AI project. Microsoft will provide the technology base for scaling up the platform. Quercus consists of a set of technology components and business logic that will serve as the basis for scaling the use of AI and building stable, fast and effective solutions for all types of companies and industries. It includes the necessary technical components to ensure data security and privacy, the ability to integrate with other systems, and coordination between different Generative Artificial Intelligence models. Because of its development capacity, Quercus will enable companies to reduce the time associated with the creation of new solutions adapted to their needs.
Ferrovial today announced the appointment of Claudia Husemann as director of communications and corporate social responsibility (CSR) for the United States. Husemann brings decades of experience leading strategic communications, translating complex sectors and business models in engaging ways to reach diverse audiences. She joins the company ahead of its public listing in the U.S., and as global leadership looks to North America for continued strong growth. “Claudia has a track record of success elevating brands for greater impact, and we’re excited to welcome her at such a pivotal moment in the company’s history,” said Patricia Leiva, director of global communications and CSR at Ferrovial. “As Ferrovial looks to strengthen its presence in the U.S. and beyond, Claudia’s expertise will be instrumental in shaping and sharing Ferrovial’s story.” Reporting directly to Leiva, Husemann will guide all aspects of Ferrovial’s communications strategy for the U.S. market. In this newly created role, she will drive greater brand awareness and deepen understanding of the scope and scale of Ferrovial’s operations in the U.S. Together with her team, she will promote Ferrovial’s innovation and leadership in delivering critical infrastructure such as highways, airports and energy.
Ferrovial has officially announced the appointment of Geerte Hesen as its new General Counsel and Secretary of the Board of Directors. Geerte Hesen brings to Ferrovial her extensive experience in the fields of corporate law, commercial transactions, compliance, and governance that she gained in prominent positions in various international companies. Prior to joining Ferrovial, Geerte Hesen was General Counsel and Company Secretary at Lumicks, where she oversaw strategic and governance projects. She also served as Deputy General Counsel at ASML, where she played a crucial role in the implementation of global governance and compliance practices. Previously, she fulfilled numerous legal roles at Philips, most recent leading the Legal Department at Philips Personal Health division, handling important aspects of corporate law, compliance, and commercial transactions. After nearly 16 years with the company, Santiago Ortiz Vaamonde will leave the position of General Counsel and Secretary of the Board of Directors of Ferrovial on May 14th, as part of a mutually agreed succession plan. To ensure an orderly transition, he will remain with the company until the end of the year as Senior Legal Advisor, reporting to the Chairman and CEO.
Ferrovial is to build two photovoltaic plants in Matalebreras, Soria (Spain) for Aquila Clean Energy with the capacity to supply 30,000 homes. In line with its commitment to renewable energy, the company will design and build the facilities and provide operation and maintenance services for the first two years. Ferrovial will develop the Trevago I and Trevago II plants on a turnkey basis. The two facilities will have a combined capacity of 62 MWp (megawatt peak) — 31 MWp each — and will produce a total of 114 GWh/year. The two new solar plants will avoid 29,700 tons of CO2 emissions per year. Ferrovial will also install two power lines to connect the photovoltaic plants to the nearest substation. Construction and operation of the plants, scheduled for delivery in 2025, are expected to create close to 150 jobs. Other Ferrovial projects in the renewable energy sector include the turnkey construction (full EPC) of the 50 MW El Berrocal solar plant in Seville, and the 72 MWp Liberty 1 solar plant in Texas.
Anillo Vial Periférico consortium, comprising Ferrovial, Acciona and Sacyr, has been selected to develop the Peripheral Ring Road in Lima (Peru) under a concession format with an investment of 3.4 billion dollars (approximately 3.13 billion euro). This amount includes contributions from public funds by the Administration Ferrovial, through Cintra, its toll road subsidiary, owns 35% of the consortium, while Sacyr and Acciona own 32.5% each. Proinversión, Peru’s Private Investment Promotion Agency, announced the decision on April 4, 2024, following expiration of the 90-day period for entering Expressions of Interest. The Peripheral Ring Road, which will transform Peru’s capital city, will be integrated into road infrastructure planning at the local, regional and national levels and its objective is to solve the challenges posed by mobility in Lima and nearby areas. This project comprises the design, financing, construction, management and maintenance of a 34.8-kilometer urban toll road. The new road, connecting 11 districts in Greater Lima and one in Callao, will benefit 4.5 million people. There will be toll-free side lanes in both directions along the main route to facilitate connectivity in the city.
Ferrovial held its Annual Shareholders Meeting on Thursday, after excellent operating performance in 2023, a year marked by the company’s listing on Amsterdam as a prelude to its debut in the United States. During the meeting, Ferrovial’s Chairman, Rafael del Pino, highlighted that the company ended 2023 with adjusted EBITDA of €991 million (+36.1%) and €460 million in net profit (+148%), including a significant contribution from the construction business in Spain and Poland. He also emphasized the strong performance of Ferrovial’s main infrastructure assets, especially in North America, where revenue experienced double-digit growth due to improved traffic and tariff increases. Del Pino noted that 2023 was another year in which Ferrovial invested actively, with capital expenditure reaching €454 million, 70% of which was allocated to the United States.
Ferrovial develops a methodology to mitigate the effects of climate change on its infrastructure
Ferrovial increased adjusted EBITDA by 40.6% to €991 million in 2023
María José Esteruelas appointed CEO of Ferrovial Energy
Ferrovial adopts the TNFD framework for biodiversity and nature conservation
