ACS extends Hochtief control with board member

Newswire

FRANKFURT, March 28 (Reuters) - Spanish builder ACS is extending its control over Hochtief by getting one of its top managers on the executive board of the German peer in which it holds a majority. Marecelino Fernandez Verdes, the 56-year old chief executive of ACS's Dragados unit as well as its Construction, Environment and Concessions division, will become chief operating officer of Essen, western Germany-based Hochtief from April 15, Hochtief said on Wednesday. "We are aiming for an even ...

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