• He has held senior management positions at companies such as Bimbo and Grupo Zeta.
• Culmia has also appointed Mario Armero as vice president; he has executive experience at General Electric and ANFAC.

July 30, 2021. – Culmia, one of Spain’s leading real estate developers, announces the appointment of Agustín Cordón as the company’s new president.

With an extensive career spanning more than three decades in senior management roles, Cordón served as vice president and chief financial officer of the Bimbo Group in Spain (1997–2002), was CEO of both Fira de Barcelona (2004–2015) and Mobile World Capital (2012–2015), and, from 2015 to 2019, he was CEO of Grupo Zeta.

Culmia’s new president has combined these and other executive roles with his participation on the advisory boards of companies such as Simon and GSMA, as well as organizations such as the AED (Spanish Association of Executives) and the APD (Association for the Advancement of Management). Cordón joins Culmia as a current founding partner of the consulting firm Anantara Ventures.

He holds a bachelor’s degree in Economics and Business Administration from the University of Barcelona and has completed graduate studies at the Polytechnic University of Catalonia, IESE, and The Wharton School in the United States.

As non-executive chairman of Culmia, he will lead the company and the implementation of its current business plan, under which it plans to invest 450 million euros over the next four years to add more than 7,200 new homes to its current portfolio and establish a leading position in the emerging affordable housing segment, where it is already one of the finalists in Madrid’s Plan Vive initiative.

In the words of Agustín Cordón, “I am taking on this new role with a tremendous sense of responsibility and a desire to add value to a top-tier management team led by our CEO, Francisco Pérez. The real estate development sector has become much more professional in Spain in recent years, but I am convinced that Culmia has all the essentials to position itself at the forefront of the industry and continue innovating in terms of product, operations, and sustainability—not only in what has been its core business, prime residential sales, but also in the rental housing and affordable housing segments.”

Mario Armero, Culmia’s New Vice President

Agustín Cordón’s appointment comes as part of a reshuffle of Culmia’s Board of Directors, which also led to the appointment of Mario Armero as non-executive vice president.

Armero has held various executive positions over the past three decades at companies such as General Electric, where he served as president for Spain and Portugal from 2001 to 2008, Corporación Llorente (2008–2010), and Ezentis (2010–2011). Between 2012 and 2019, he served as vice president of the Spanish Association of Automobile and Truck Manufacturers (ANFAC), and, prior to joining Culmia, he served as chairman of the renewable energy company Enso and as a board member of Bankinter Consumer Finance and the Belgian multinational UMICORE.

Following his appointment, Armero stated that he is “very excited to join Culmia at a time when the company has unlimited potential, thanks to its strong market position and top-tier executive team.”

According to Francisco Pérez, CEO of Culmia, “The addition of Agustín and Mario strengthens our governance and adds value to the Culmia project—two professionals with proven track records who will help us implement our current business plan.”

In addition to Cordón and Armero, Culmia’s new Board of Directors consists of the company’s CEO, Francisco Pérez, as well as Charles Blackburn, Alejandro Cano, and Antoni Musolas.