MADRID (Reuters) - Spanish infrastructure group Abertis (MC:ABE) said on Monday Caixabank chairman Isidro Faine had resigned from its board.
The company said in a statement to the Spanish stock exchange regulator Faine had given up his board seat, representing shareholder Caixabank due to a conflict of interest under a 2014 law regulating banks.
The law does not allow a bank director to hold more than four non-executive roles in other companies.
As well as Abertis, Faine is on the boards of Telefonica (MC:TEF), oil major Repsol (MC:REP) and Suez Environnement (PA:SEVI) and last week joined Gas Natural (MC:GAS).