Merlin Properties : CEO Ismael Clemente saves his skin following an exceptional board meeting
>Governance reform in sight in the interests of all the shareholders - An exceptional meeting of Merlin Properties’ board of directors was called last night to discuss the stories reported in the Spanish press in recent days (cf. following page), notably concerning a possible ouster of the current CEO and co-founder of the company.Following this meeting, the board of directors unanimously decided to launch a reform of the company’s governance in the interests of ...Merlin Properties SOCIMI SA is a Spain-based company engaged in the operation of a real estate investment trust (REIT). The Company focuses on the acquisition, management and rental of commercial properties located in the Iberian Peninsula, primarily in Spain. The Company's activities are divided into the following segments: Office buildings, operating a portfolio of office space; High-street retail, engaged in leasing retail stores; Shopping centers, engaged in managing department stores; Logistics, operating logistics warehouses and distribution centers, and Others. The Company's other activities include property management services rendered to third parties.
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