Grifols Names Independent Director Berner as Its Chairwoman

Grifols SA has named an independent director to become non-executive chairwoman, the Spanish company’s latest step to improve its corporate governance.

Anne-Catherine Berner, who joined the board in May 2024, will be appointed as non-executive chairwoman right after the next annual shareholders’ meeting, according to a regulatory filing. Current Chairman Thomas Glanzmann, who has served on the board for 19 years, will not seek reelection.

Grifols shares have been struggling since a short seller last year criticized its accounting practices and accused the drug maker of bad governance. Later in 2024, Brookfield Asset Management dropped a takeover ...