The Board of Directors of Canal de Isabel II, the entity in charge of water supply and sanitation services in the capital of Spain, Madrid, have appointed Pascual Fernández Martínez as the new Chief Executive Officer of the company. Fernández has been a member of the Board of Directors since December 2019 as Proprietary Director and will replace Rafael Prieto as CEO.
Carmen Tejera has also been appointed as the new Company Secretary, replacing Manuel Beltrán. The two appointments culminate a year of renewals in the Canal’s Board of Directors, which began in September 2019 with the arrival of the new regional executive. Madrid's public water company now reports to the Ministry for the Environment, Land Planning and Sustainability, chaired by Paloma Martín of the Partido Popular (People’s Party).
As the new CEO, Pascual Fernández will promote the challenges of sustainability and environmental commitment aligned with the Sustainable Development Goals and will make innovation a differential element by promoting research in the integral water cycle, according to a statement released by Canal de Isabel II.
Pascual Fernández has a PhD in Economics and Business Administration and has extensive experience in managing public and private companies. He is currently the Dean of the Madrid College of Economists (Colegio de Economistas de Madrid), First Vice President of the General Council of Economists of Spain (Consejo General de Economistas de España); Professor of Applied Economics at the URJC and Co-Director of the UNESCO UNED-URJC Chair in Water and Peace.
Carmen Tejera is a State Lawyer. Her appointment, according to Canal de Isabel II, will reinforce the legal function in the company. Tejera has extensive professional experience and has held various positions in the Public Administration such as in the Ministry of Finance or in the State Attorney's Office of the Supreme Court where she has been working until her current appointment.
