Molins’ Board of Directors announces chairman transition  

• Julio Rodríguez Izquierdo appointed non-executive chairman of the company. 

• Approval of a complementary dividend of 0.56 euros per share, resulting in a total dividend of €1.11 per share, 21% higher than previous year.

Molins’ Annual General Meeting of Shareholders, held today at the company’s headquarters in Sant Vicenç dels Horts (Barcelona), approved with a large majority all proposals presented by the Board of Directors.  

The Board of Directors of Molins has appointed Julio Rodríguez Izquierdo as non-executive chairman of the company, replacing Juan Molins. The transition is part of an organizational evolution process aligned with the company’s commitment to stability, continuity in governance, and the strengthening of its leadership model.  

Molins expresses its deep gratitude to Juan Molins Amat for his leadership over more than seven years as chairman of the Board, and for a career spanning more than five decades within the company. Since joining in 1967 and assuming management roles from 1971 onward, he has held key positions including general manager and CEO, leading Molins’ international expansion into markets such as Argentina, Uruguay, Mexico, Bangladesh, Tunisia, and Colombia.  

Julio Rodríguez, appointed CEO of Molins in 2015 and who held the position until June 2024, takes on this new responsibility backed by a long-standing career in the industrial sector. After more than three decades at Schneider Electric, where he held global executive positions and served on the executive committee, he brought his experience to Molins as CEO for nearly a decade. His experience and leadership ensure continuity and a firm commitment to Molins’ values and strategic vision.  

“I am grateful to the board for their confidence in appointing me as the company’s new non-executive chairman and I am highly motivated to work alongside CEO Marcos Cela and the rest of the Board to continue driving the growth and success of a nearly century-old company like Molins. Juan Molins’ leadership has defined a key era in the company’s history, marked by modernization, international expansion, and long-term value creation. His decades of leadership leave us a tremendous legacy, and I will embrace this new responsibility with great enthusiasm and energy,” said Julio Rodríguez.  

In June 2024, Marcos Cela took over from Julio Rodríguez as the new CEO, assuming all executive responsibilities of the company. “On behalf of the 6,700 people who make up Molins, I would like to express my appreciation to Juan Molins for his vision, leadership, and dedication over so many decades. His contribution has been instrumental in positioning the company globally. I warmly welcome Julio Rodríguez back to Molins in his new role as non-executive chairman,” stated Cela.  

Annual General Meeting of Shareholders  

During the Annual General Meeting, the shareholders approved the annual report and the company’s annual financial statements for the year 2024, highly appreciating the company’s growth and the results achieved with a net profit of 184 million euros, despite a highly complex and uncertain global environment. despite an uncertain and highly complex global environment. It also approved the non-financial information report, the maximum amount of the Board’s compensation for the 2025 financial year, as well as the renewal of the following members of its board of directors, Juan Molins, Beatriz Molins and Jean Carlos Angulo. The appointment of Julio Rodríguez as a director was also approved. 

Improved Shareholder Remuneration  

Shareholders approved the proposed distribution of a complementary dividend for the year 2024 of €0.56 euros per share, resulting in a total dividend for 2024 of €1.11 per share, an increase of 21% compared to the previous year, and equivalent to a 40% dividend payout. This complementary dividend, in line with the company’s shareholder remuneration policy, will be paid on July 17th.