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Yahoo
4 hours ago
- Automotive
- Yahoo
Ferrovial names 3 to executive roles in highway division
This story was originally published on Construction Dive. To receive daily news and insights, subscribe to our free daily Construction Dive newsletter. 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. Recommended Reading Canadian toll firm hires US construction exec as CEO Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
16-07-2025
- Business
- Cision Canada
Jose Espinosa appointed as President & CEO of 407 ETR
Mr. Espinosa brings over 25 years of infrastructure leadership to the role TORONTO, July 16, 2025 /CNW/ - 407 ETR is pleased to announce the appointment of Jose Espinosa as President & CEO, effective July 16, 2025. Mr. Espinosa succeeds Javier Tamargo who has served as President & CEO since September 2020. Mr. Espinosa brings more than 25 years of international experience in tolling and highway infrastructure across Canada, Europe, Australia and the United States. He recently served as CEO of North Texas Highways: Lyndon B. Johnson Expressway, North Tarrant Express and North Tarrant Express 35W. In this role, he spearheaded multiple projects to increase capacity and connectivity while reducing congestion on main arteries serving the Dallas-Fort Worth community. Prior to that, he served as CEO at I-77 Mobility Partners in Charlotte, North Carolina. "Mr. Espinosa comes with a proven track record in complex infrastructure management and is well positioned to lead 407 ETR through its next phase of growth and operational excellence. His global experience will be instrumental as we continue to drive innovation, enhance the customer experience, and deliver long-term value to our stakeholders," says David McFadden, Chair of the Board, 407 International. "On behalf of the 407 International Board, we thank Mr. Tamargo for his exceptional leadership during the challenging times of the pandemic. His contributions have helped position 407 ETR for continued success in a rapidly evolving transportation landscape." Learn more about 407 ETR's leadership team at Fast Facts Mr. Espinosa is a seasoned executive with over 25 years of global experience. He recently served as CEO of three highways in Dallas-Fort Worth, Texas. Prior to his role in Dallas, he held CEO positions at I-77 in Charlotte, USA; Western Netflow Western Roads Upgrade in Melbourne, Australia; and Autema in Barcelona, Spain. Mr. Espinosa's appointment marks a return to 407 ETR. Between 2009 and 2016, he held positions as Corporate Shareholder Liaison & Reporting Manager, and later as Project Director for Highway 407 ETR East operations. Mr. Tamargo has been appointed CEO of Cintra US. About 407 ETR Highway 407 ETR is an all-electronic open-access toll highway located in the Greater Toronto Area in Ontario, Canada. The highway spans 108 kilometres from Burlington in the west to Pickering in the east. 407 International Inc. is the sole shareholder of 407 ETR and is owned by: Cintra Global S.E., a subsidiary of Ferrovial S.A. (48.29%) Canada Pension Plan Investment Board (CPP Investments) and other institutional investors (44.20%) Public Sector Pension Investment Board (PSP Investments) (7.51%)
