Carlos Torres Appointed Endesa Senior Vice President - Finance and Control (CFO)

  
    
  
  
    
      On the proposal of CEO, Rafael Miranda, and following a report from the 
      Appointments and Remuneration Committee, the Board of Directors of 
      Endesa appointed Carlos Torres Vila as Company Senior Vice President - 
      Finance and Control (CFO), effective July 1, 2007.
    
    
      Carlos Torres will combine this position with his current functions as 
      Corporate Director of Strategy.
    
    
      Carlos Torres is an electrical engineer. He holds a degree in business 
      studies from the Massachusetts Institute of Technology MIT (USA), an MBA 
      from the Sloan School of Management of the same university, and a law 
      degree from the National Distance Learning University.
    
    
      In 1990, he joined strategic consultancy McKinsey & Company, becoming a 
      partner in 1997, particularly focusing on developing corporate and 
      business strategies in European electricity and gas sectors. He joined 
      Endesa in 2002 as Corporate Director of Strategy.
    
    
      Carlos Torres will replace José Luis Palomo Álvarez 
      as Endesa Senior Vice President - Finance and Control (CFO), who has 
      decided to take advantage of the Company's retirement scheme effective 
      July 1, 2007.
    
    
      José Luis Palomo has been head of economic / 
      financial department (CFO) since 1991. The Board of Directors of the 
      Company expresses its most sincere appreciation for his brilliant and 
      highly productive management over the period.