Cepsa is rethinking its organization to accelerate its energy transition

  • Carlos Barrasa, former Executive Chairman of BP Spain, joins the company as Director of the new Commercial & Clean Energies business

  • The management committee has now been strengthened with the incorporation of three new executives with extensive international experience: Carmen de Pablo (CFO), Savvas Manousos (Trading) and Carlos Barrasa

  • Cepsa’s CEO, Maarten Wetselaar, underlined: “I am very happy to welcome talented leaders like Carlos, Carmen and Savvas to Cepsa. They join a new organizational structure that puts the customer at the heart of our decarbonization campaign and accelerates our journey to become a leader in low-carbon energy and sustainable mobility.”

Cepsa redesigned its management committee, which went from 10 to 12 members following the incorporation of Carlos Barrasa, director of the new Commercial & Clean Energies division; Savvas Manousos, Trade Manager; and Carmen de Pablo, new chief financial officer replacing Salvador Bonacasa, who retired after four decades with the company. All are executives with extensive experience in the energy sector and internationally.

Maarten Wetselaar, CEO of Cepsa since January 1 this year, reorganized the company structure by defining two new business areas oriented towards energy customers, “Mobility & New Commerce” and “Commercial & Clean energies”. The refining activity becomes the “Energy Parks” activity, alongside the existing Exploration-Production, Chemicals and Trading activities. With this new structure, the company is accelerating its transformation to become an Energy Transition Leader that sets the pace for change and helps its customers decarbonize their energy footprint.

The Mobility and New Commerce division will manage the transformation of Cepsa’s mobility business, strengthening leadership in electric mobility and developing digital New Commerce solutions that leverage its network of customers and stations.

The Commercial & Clean Energies division will serve B2B business management in segments such as industry, agriculture, aviation, lubricants, asphalt, gas and electricity and will develop decarbonization solutions for its customers by developing biofuels, hydrogen and renewable energy (solar and wind) activities. value chains.

“I am very pleased to welcome talented leaders like Carlos, Carmen and Savvas to Cepsa. They are joining a new organizational structure that puts the customer at the heart of our decarbonization journey and accelerates our journey to becoming a leading company in the industry. low-carbon energy and sustainable mobility companies,” said Maarten Wetselaar.

The composition of the new Cepsa Management Committee is as follows:

  • Pierre-Yves Sachet, Mobility & Commerce Director.

  • Carlos Barrasa, Director of Commercial and Clean Energy.

  • Alex Archila, Exploration and Production Manager.

  • Antonio Joyanes, director of energy parks.

  • Paloma Alonso, Chemicals Manager.

  • Savvas Manousos, director of Trade.

  • Carmen de Pablo, Director of Financial, Economic and General Services.

  • Carlos Morán, Director of Human Resources.

  • Jörg Häring, Director of Legal Counsel.

  • Jose Manuel Martinez, Director of Technology, Projects and Services.

  • Matteo Vaglio, director of the processing office.

In turn, the Department of Communication and Institutional Relations, headed by Juan Llobell, and the Cepsa Foundation, whose vice president is Íñigo Díaz de Espada, will report directly to the CEO.