Overview
- Carlos Palacio tendered his resignation to the securities regulator on Thursday after 24 years leading the company.
- Talgo’s board appointed José Antonio Jainaga, the current chief executive, to serve as chairman.
- A Basque consortium led by Sidenor now holds about 29.7% of Talgo’s shares, prompting a governance reconfiguration.
- The board said Ricardo Chocarro and Arantza Estefanía will join as directors as part of the changes.
- Talgo’s shares closed down roughly 1.18% following the announcement, and Palacio will remain president of the Talgo Foundation.