Overview
- Naturgy’s board unanimously proposed extending Executive Chairman Francisco Reynés’s mandate to 2030, a year earlier than scheduled.
- A new strategic-vision committee chaired by Reynés would bring all major shareholder groups into long-term oversight.
- Board representation would shift with IFM rising to three directors, BlackRock-GIP reduced to two, and IFM nominee Lars Bespolka set to join.
- The board will ask shareholders to approve a third 2025 dividend of €0.57 per share, lifting the full-year payout to €1.77.
- The company reported record 2025 earnings, with outlets citing either €2.023 billion or €2.203 billion, and highlighted ongoing investment in networks and selective renewables.