Repsol YPF

Organisation

The organisation put in place by Repsol YPF has had positive results.

• Good Group results and improvement of the economic situation
• Current attractive growth schemes
• Better orientation towards efficiency and increasingly dynamic organisation
• Human Resources increasing responsibility and potential for development 
• Strengthening  of Corporate Governance 

Adaptation to the current organisational structure is necessary in order to handle the new challenges. 

•Improved business profitability in terms of best practices
•Successful implementation of current major growth projects 
•Effective establishment of the new Group strategies 
•LNG as a future growth area for the Group   
•Additional boost to efficiency, cost management, and excellence

At the same time as Senior Management maintains its focus on Group development through:
•Strengthening Corporate Governance 
•Developing the Strategic Vision 
•Transformation of the Business portfolio

Principal Changes:

>Creation of the Chief Operating Officer (COO) focused on the operative management of the Business Activities 
>Establishing a Corporate Division of the LNG 
>Integrating Brazil's R&M assets in the Downstream Division (which assumes all the downstream activities outside of Argentina) 
>Bringing the Resources Department's functions closer to the Business Activities by reporting to the COO 
>Integration of Management Control, Investor Relations, Insurance in the Financial-Economic area 
>Promoting Corporate Strategy and Development 
>Strengthening the role of Management Development 
>Adjustment of the structure of the Senior Management Committees  
>Adjustment of the titles of the main management positions

	Objective	Members
Executive Committee	> Follow Group Results > Define and approve the strategy > Approve the Budget and the Strategic Plan >Approve investments in their field	- Chairman and CEO  -COO (Chief Operating Officer) - Executive Directors (9)
Business Committee	> Follow the progress of the Business Activities > Coordinate Business Activity operations > Ensure the coordination of Business and Resources	- Chairman and CEO - COO (Chief Operating Officer) - Executive Directors of Business Activities(4) - Executive Directors of Resources

Repsol YPF Organisational Chart - Strategic Objectives (PDF 178 Kb)

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