ROCKVILLE, Md., March 16, 2010 (GLOBE NEWSWIRE) -- Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, announced today that on March 16, 2010 at an extraordinary shareholders' meeting, the shareholders of Telvent GIT, S.A. approved the appointments for five years each of Javier Castrillo Penades and Marta de Amusategui y Vergara to the Company's Board of Directors. Mr. Castrillo Penades and Ms. Amusategui y Vergara both were nominated by the Nominating and Compensation Committee.
Mr. Castrillo Penades is a Director of Retail Banking for Banco Santander. He has worked for Banco Santander since 2004, serving as a Manager in various departments. Prior to working for Banco Santander, he worked 14 years for McKinsey & Company, the last six years as a partner. Mr. Castrillo Penades holds a degree in Engineering from the Universidad Pontificia de Comillas (Madrid) and holds an MBA from INSEAD (Fontainebleau, France).
Ms. Amusategui y Vergara is a partner of AILARA, an independent consulting firm, and has been in charge of Corporate Finance and Mergers & Acquisitions since 2008. Prior to working with AILARA, she worked for Bank of America, N.A., at a branch in Spain, from 2003 to 2008 in the positions of General Manager, Country Executive Officer and Managing Director of Corporate and Investment Banking. She also worked as Executive Director of Lehman Brothers in London from September 2001 to October 2002, and Executive Director for UBS Warburg from February 1996 to August 2001. Previously she was a consultant with McKinsey & Company from February 1992 to December 1995. Ms. Amusategui y Vergara is a member of the Board of Directors of Eland Private Equity, S.G.E.C.R., S.A. and a member of the Advisory Committee of Banco Etchevarria, S.A. She holds a degree in Engineering from the Universidad Pontificia de Comillas (Madrid) and an MBA from INSEAD (Fontainebleau, France).
Mr. Castrillo Penades and Ms. Amusategui y Vergara are independent Directors and financial experts in accordance with NASDAQ's listing standards and the independence requirements of the Securities and Exchange Commission.
About Telvent
Telvent (Nasdaq:TLVT) is a global IT solutions and business information services provider that improves the efficiency and reliability of the world's leading companies. Telvent serves markets critical to the sustainability of the planet, including the energy, transportation, agricultural and environmental sectors. (www.telvent.com)
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