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Vicente Olmos Ibañez Is Appointed New Head Of Internal Audit, BME

Date 05/07/2007

Vicente Olmos Ibáñez, until now the CFO of the Valencia stock exchange, has been appointed Head of Internal Audit of BME. He will replace retiring Juan Fernández Magaz, who has held this position for the last few years.

Through the verification of internal controls, the Internal Audit Department provides Senior Managers with information and recommendations on the different procedures and company regulations as well as their continuing improvement. As the new Head of this department has stated, this task is carried out from the standpoint of the provision of a service to the governing bodies.

Vicente Olmos Ibáñez holds a Degree in Economics and Business Administration from the Universidad de Valencia. Since 1979 he has worked as a civil servant for the Cuerpo Especial de Gestión de la Hacienda Pública, specialising in Auxiliary Inspection, now on leave. He has also held the position of Auditor of Accounts registered with the Accounts Auditors Registry. During the time he worked as civil servant for the Cuerpo Especial de Gestión de la Hacienda Pública he worked in several places and held different positions. In his last stage at the Valencia Delegation, he audited the accounts of large companies. Since 1991 he has worked as Comptroller at the Valencia stock exchange.