CEOE will address a reform of its Statutes to end the limitation of two terms for its president

MADRID, 8 Jun. (EUROPA PRESS) -

The Spanish Confederation of Business Organizations (CEOE) has proposed to end the current limitation of two consecutive terms of four years each for the position of president, as confirmed to Europa Press by employer sources.

The current leader of the organization, Antonio Garamendi, is precisely in his second and for now last term after being re-elected with more than 80% support in the last Electoral Assembly of the CEOE, held on November 23.

If the change in the Statutes is approved within the organization so as not to limit the terms to two, Garamendi could continue directing the organization for a few more years, as long as he decides to stand for the next elections, which should be held in November 2026.

Business sources consulted by Europa Press have indicated that even before the elections last November, voices arose within the employers' association asking for a statutory modification on the electoral process and the limitation to two terms.

The CEOE established this ceiling in April 2014, with Juan Rosell being the Presidency of the organization. Rosell, who began to lead the employers' association in 2010, complied with the limit established then in the Statutes and left the Presidency in 2018, after two terms.

The Basque businessman Antonio Garamendi took over from Rosell and assumed the CEOE Presidency in 2018, being elected for a second term in 2022.

Before the arrival of Rosell and Garamendi, the CEOE had three other presidents whose mandate was not limited: Carlos Ferrer Salat, José María Cuevas and Gerardo Díaz Ferrán. Of them, the one who was at the controls of the business organization the longest was José María Cuevas, no less than 23 years.

The proposal to reform the Statutes of the employer to eliminate the current limitation of mandates must go through the Internal Regime Commission, and by the Committee and the Board of Directors and be approved in the General Assembly, as they have explained to Europa Press in sources of the business organization.

If there is no opposition or more urgent issues arise, this statutory change could be brought to the Board of Directors this month and approved at the General Assembly that the CEOE plans to hold on July 19.