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FCC announces family successor: Second woman in Spain to chair an Ibex-company

Family-controlled Fomento de Construcciones y Contratas, the Barcelona-based construction company, has announced Esther Alcocer Koplowitz as its new chairwoman. Koplowitz, who will carry the family dynasty into its third generation, will be only the second woman in Spain to chair an Ibex-listed company.
Third-gen Esther Alcocer Koplowitz is the new chairman of family-controlled FCC

Family-controlled Fomento de Construcciones y Contratas, the Barcelona-based construction company, has announced Esther Alcocer Koplowitz as its new chairwoman. Koplowitz, who will carry the family dynasty into its third generation, will be only the second woman in Spain to chair an Ibex-listed company.

Koplowitz will replace Baldomero Falcones Jaquotot, who recently stepped down to chair the FCC Foundation. A multinational corporation employing over 90,000 people and totalling global revenues of €11.76 billion in 2011, FCC is one of the 25 biggest companies listed on the Spanish stock exchange by market capitalisation.

Previously second vice-chairman of FCC, Koplowitz is the daughter of Esther Maria Koplowitz, who Forbes reckon is the ninth richest person in Spain with a net worth of $1.6 billion (€1.18 billion).

Esther Sr owns 48% of the family business and acts as first vice-chairman of FCC’s board of directors. She and her younger sister Alicia ran the company from 1989 to 1997, at which point Esther Sr bought out her sister’s stake of FCC for $800 million.

Esther and Alicia’s father Ernesto established the business in the 1950s, having made his way to Spain following the Nazi prosecution of the Jews in Silesia, Poland.

FCC’s recent design and build projects have included a $46 million media centre for the London Olympics, a $4 billion extension to Madrid airport and a $1 billion deal for six football stadiums across Poland for the Euro 2012 competition. 

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