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Manuel Pizarro Moreno, Appointed Chairman Of ENDESA By The Company's Board Of Directors.

Business Editors

NEW YORK--(BUSINESS WIRE)--May 14, 2002

Today the Board of Directors of ENDESA (NYSE:ELE) has appointed Mr. Manuel Pizarro Moreno as Chairman, as per the proposal of the now former Chairman Mr. Rodolfo Martin Villa.

Mr. Pizarro has proposed to the Board, and the latter has appointed Mr Rodolfo Martin Villa as Honorary Chairman of the company, in the same condition as Mr. Feliciano Fuster.

Mr. Manuel Pizarro Moreno has been a board member of ENDESA since 18th October 1996. He has been part of its Executive Committee since March 1997 and has been Vice Chairman since July 1998. Due to Ibercaja's presence in Endesa's share capital, Mr Pizarro is part of the group of directors whose presence at the Board is derived from a shareholding in the company.

Mr. Pizarro has a Degree in Law from the Universidad Complutense de Madrid, is an Advocate of the State and Licensed Broker. He is also an elected member of the Spanish Royal Academy of Legislation and Jurisprudence, member of the Patronage of the Universidad Pontificia de Salamanca, Chairman of the Patronage of the National Park of Ordesa and Monte Perdido and Vice Chairman of the Patronage of the National Museum of Archaeology, where he chairs its permanent committee.

Mr. Pizarro is also Vice Chairman of the Madrid Stock Exchange and Chairman of Ibercaja and the Spanish Savings Banks Confederation.

As per the proposal made by Mr. Pizarro, the Board of Directors has confirmed Mr. Rafael Miranda as Endesa's CEO, as well as the rest of the company's management team.
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Publication:Business Wire
Date:May 14, 2002
Words:262
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