Carlos Vela, chief executive of Spanish group Martinsa Fadesa, is leaving the real estate company to head Cibeles Corporación, a new financial unit of Caja Madrid to be launched this summer, Spanish newspaper Cinco Dias reported on Tuesday. According to the paper, the company plans to send a statement to the stock market regulator regarding the departure of Vela later today. Vela previously worked with Caja Madrid itself and moved to Martinsa Fadesa as recently as last year.
Carlos Vela, chief executive of Spanish group Martinsa Fadesa, is leaving the real estate company to head Cibeles Corporación, a new financial unit of Caja Madrid to be launched this summer, Spanish newspaper Cinco Dias reported on Tuesday. According to the paper, the company plans to send a statement to the stock market regulator regarding the departure of Vela later today. Vela previously worked with Caja Madrid itself and moved to Martinsa Fadesa as recently as last year.
According to the paper, chairman Fernando Martín is likely to occupy the position of chief executive after Vela's departure.
