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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