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(From El Pais)
Antonio Brufau, the chairman of Spanish petrochemicals group Repsol YPF since late last year, has made a number of changes to the group's executive elite. Since Mr Brufau assumed his position, 60 per cent of the executive elite has been reshuffled, with some even changing country of residence. While Mr Brufau's closest supporters have said that he has revolutionised the management structure at Repsol YPF, others have described as a 'tsunami' his management style and the consequences of the same.
In the last six months, Mr Brufau has implemented a sweeping restructuring plan, changing the management model and restructuring the ...