At the shareholders’ meeting of ILSA, which owns the Iryo brand, Fabrizio Favara was appointed the CEO of the leading private high-speed operator in Spain, replacing Simone Gorini.
Favara, who held the position between 2020 and 2021 until Gorini replaced him and has been a member of the board of directors since then, returns to drive a new phase of consolidation and growth for the company.
Favara, until now CEO of Netinera Deutschland, German subsidiary of the Ferrovie dello Stato Italiane Group (majority shareholder of Iryo with 51%), has a solid track record in the European railway sector.
A graduate in economics and commerce, he started his career at Andersen Consulting and has held strategic positions in Ferrovie dello Stato. He also served on the boards of key European companies.
“It is an honour to return as CEO to Iryo, a company that I saw being born from scratch,” said Favara, who highlighted the role of the team in having already transported more than 15 million passengers and consolidating Iryo as the best-rated private operator in the sector.
Iryo’s president, Carlos Bertomeu, underlined that Favara “has the best possible profile to face the challenges of the high-speed market in Spain”.