Ferrovial names 3 to executive roles in highway division

Amsterdam-based infrastructure firm Ferrovial has appointed new leaders within its highways division, Madrid-headquartered Cintra, in an effort to expand its U.S. and global operations, according to a July 21 news release. 

Javier Tamargo has been appointed U.S. CEO, while Alberto González has been named director of business development and Ricardo Bosch Urzua tapped for director of strategy. All three will be based in the company’s U.S. headquarters in Austin, Texas, and report to Cintra CEO Andrés Sacristán, per the release.

Ferrovial sees an attractive pipeline of assets in the U.S. and globally, which the new leaders will help the firm take advantage of, Sacristán said in the release. 

“Alberto, Javier and Ricardo each bring deep expertise and strategic vision to their new roles and their appointments position us well to increase our momentum and expand in the U.S. and around the world,” he said.

As U.S. CEO, Tamargo will oversee all U.S. highway assets, including TEXpress Lanes in Texas, I-77 Express in North Carolina and 66 Express in Northern Virginia. He joined Ferrovial in 2002 and brings more than 20 years of experience in North America and Europe to his new position. 

Tamargo was most recently president and CEO of 407 ETR in Canada, after leadership stints as COO of North Tarrant Express in Dallas-Fort Worth and CEO of I-77 Express. Jose Espinosa recently took over Tamargo’s former role as president and CEO of 407 ETR.

González will lead all business development efforts, identifying strategic opportunities and partnerships to expand the company’s portfolio in the U.S. and globally. González joined the company in 2004 and has held several leadership positions in business development and asset management, most recently serving as U.S. CEO. He brings more than 20 years of infrastructure development experience to the role.

In his new role as director of strategy, Bosch will lead the implementation of a strategic roadmap related to new asset classes, partnerships and inorganic opportunities, according to the release. Bosch has more than 25 years of international experience in public-private partnerships, specializing in structuring and negotiating infrastructure project financing. For the past 12 years, he has served as Cintra’s North America head of business development.

Ferrovial operates in more than 15 countries and has a workforce of over 25,000 worldwide, according to the company. Urbanization and population growth are driving the need for transportation projects, making infrastructure an attractive sector for investors, Silvia Ruiz, global head of investor relations for Ferrovial, told Construction Dive.