Supervisory Board

Board Policy

The Board shall consist of representatives of ordinary members. It shall comprise a minimum of five members and a maximum of eleven. A single company shall not be entitled to more than one representative, who may be represented by another member of his company. The members are elected by the General Assembly for a two year term of office, after which time they are eligible for re-election. The Chairman of any Subdivision will automatically be named to the Board.

In case of vacancy, the Board is authorized to temporarily replace its members. The final replacement is elected by the next General Assembly.

The Board is presided by the Chairman of the Association or a member of the Executive Committee designated by the Chairman. The Board is authorized to manage and supervise the affairs of the Association. The Board shall meet whenever necessary, at the Chairmans request or of that of at least two of its members.


Resolutions shall be adopted by a majority vote. At least one-third of the Members of the Board must be present in order to validate resolutions.

The Board shall be helped in its task by standing or temporary committees. The Board shall decide on the formation of all committees and shall appoint their Chairmen. In the case of standing committees, the chairman shall be appointed for a period of two years, after which time he may be re-appointed. In the case of temporary committees, the Chairman is appointed for the duration of the committee.

General Information

Pedro Larrea

Pedro Larrea

IMnI Chairman and CEO of FerroGlobe / FerroAtlantica

Tel: +34 91 590 3229
Mobile: +34 656 602 003


Pedro Larrea has served as the Chief Executive Officer of FerroGlobe since December 23rd, 2015.

He was Chairman and CEO of Grupo FerroAtlántica since December 2012, and served in that role until the closing of the Business Combination between Grupo FerroAtlántica and Globe Specialty Metals. He joined Grupo FerroAtlántica as CEO in 2011.

Pedro holds an MBA from INSEAD, where he graduated with honours. He graduated as a mining engineer (MSc equivalent) from the Universidad Politécnica of Madrid, specialising in energy and fuels.

He has spent most of his professional life in the energy sector, holding relevant positions both in the industry and in professional services firms, where he has acquired a wide experience in processes optimization, managing of international companies and analysis, negotiation and execution of mergers and acquisitions. He is also expert in the regulation and planning of the energy industry.

The most relevant positions Pedro Larrea has held include:

  • 13 years in ENDESA (biggest power Company in Spain and Latin America) where he reached the position of Chairman and CEO of Endesa Latinoamérica.
  • Served in the Board of Directors of Enersis and Endesa Chile, both public Chilean Companies listed in NYSE.
  • PwC, where he was the leader of the Energy sector practice in the consulting division.
  • Management consultant for McKinsey & Company, in Madrid, Latin America and the United States.

FerroAtlantica is represented in these committees

  • Superboard
  • Statistics
  • HSE

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