Jon Ander Navarro Mendizábal Email & Phone Number

Madrid, Es

Member of the Board of the International Compliance Officer Association. Compliance Officers are qualified prevention, detection and advisory professionals, who carry out the Compliance function within the Organizations. Compliance needs, accelerating the evolution of a function that is perceived as a key factor of a government corporate. An effective Compliance management system helps the organization achieve its objectives in a sustainable manner over time and enables the organization to ensure and demonstrate its commitment to complying with legal requirements, industry codes and standards of the organization, as well as with the standards of good corporate governance, best practices, ethics and expectations of society in general.

Madrid, Madrid, Es

Reporting to the Audit and Control Committee, I am the Director of the Internal Audit, Risk Management and Compliance department in the largest Spanish REIT listed in the Spanish Stock Exchange (Ibex 35), with a market cap of ca. €5.18 billion, devoted to the acquisition and management of Core and Core Plus commercial real estate assets in the Iberian Peninsula. The principal activity of MERLIN Properties SOCIMI, S.A. is the acquisition, active management, operation and selective rotation of commercial real estate assets in the segment of “Core” and “Core Plus”, mainly in Spain and to a lesser extent in Portugal. The Company is focused on the office, retail and logistics.MERLIN Properties is the largest Spanish REIT with more than 1K assets with a Gross Asset Value of ca. €9.6 billion and Gross Rental Income of €460 million.The company generates high returns to shareholders through the distribution of a significant annual dividend and the value enhancement of its portfolio of assets. MERLIN Properties management consists of top qualified professionals with an extensive experience of over 20 years in the Spanish and Portuguese real estate industry. It is led by Ismael Clemente, CEO; Miguel Ollero, CFO; and David Brush, CIO.

Reporting to the Board of Director´s Chairman and to the Audit and Compliance Committee of Iberdrola Distribución and to the Chief Audit Executive of the Iberdrola Group, I am the responsible for the Internal Audit Division of the spanish Networks Division. With more than 10 million of points of supply, 4,000 employees, 850 M€ of EBITDA and around 500M€ of Recurrent Net Profit, Iberdrola Distribución is one of the largest divisions of the entire Iberdrola Group.My responsibilities are the preparation, planning, execution and reporting of an annual audit plan -45 audits per year aprox.; 7,600 hours equivalent- with direct management of a group of 4 very experienced internal auditors in 2 different locations. The Audit Plan includes audits related to the new changes in the industry as standard cost remuneration, smart grids, remote meter management, cybersecurity, capex and opex review, among others.

Bilbao, Biscay, Es

Reporting to the Corporate Internal Audit Director and to the CAE, I was the Head of the Internal Audit Department of the corporate holding company of the leading energy Group of Spain (Top 5 European Utilities; >90kM€ Assets and >33k employees). I was responsible for the coordination, planning and execution of all audits related to economic and financial corporate functions of the group (Finance, Treasury, Accounting, Consolidation, IR, Administration, Tax, etc.) and also for the complete annual plan for the Real Estate division of the group (>2kM€ in assets). Lead role in the coordination and performance of Global Audits affecting the different business units of the company (UK, US, Brazil, Mexico, Spain – up to 10 Audit divisions).

Orange, Connecticut, Us

My last professional activity at Iberdrola USA (NY) meant the direct coordination and leading of a team of very experienced and high performing auditors located in three different states. Due to the recent incorporation of the American branch with the group, my primary role was focused on positively influencing the local team to adapt to the corporate culture, and to align the methodology, work standards, reporting and tools, being always a facilitator, sharing knowledge, expertise and the global vision of the business.Also my daily audit work was directed to the planning, development and performance of an annual audit plan (>100 audit jobs per year) in compliance with headquarters standards. This includes the identification of an audit universe, conducting related risk assessment, re-assess financial materiality thresholds and the planning, performing, oversight and reporting on economic and financial, corporate governance, SOX 404, compliance, operational and technological audits.Additionally, during this professional period I have lead or participated in several projects as follows:• Review of the quarterly and annual economic and financial information of the Group (USGAAP & IFRS).• Fully support the Audit and Compliance Committee activities (agenda, presentations, legal requirements)• Presentation of reports to the Board of Directors (Tax havens, Special Purpose Entity´s, Corporate Governance)• Develop and assess a consolidated Risk Map of the critical components of the U.S. Group.• Evaluate the design and operation of the Internal Control Model as provided by the Sarbanes Oxley Act (SOX 404)• Audit the Business Transformation plan in order to ensure the capture of synergies and best practices• Other Audits: Pensions and Other Pension benefits, Investment Portfolio, Risk Management, Procurement, Health & Safety, etc.

Bilbao, Biscay, Es

After my Big4 experience, I joined the Iberdrola Group as a Lead Internal Auditor with broad responsibilities in the performance of financial and operational audits to examine and evaluate internal control processes across the company. During this period of time I obtained a sound understanding and knowledge of accounting and financial reporting risks and internal controls in the different business areas and companies of the Group. In these years, all the international growth of the Group occurred (UK and US), this was a challenge and a great opportunity in order to understand, benchmark and audit the different internal controls systems regarding the elaboration and reporting of the financial information and recommend to senior management the implementation of best practices in the consolidation process.Additionally, during this professional period I have lead or participated in several projects as follows:• Economic Analysis of the international acquisitions of the Group (U.K and U.S.).• Internal Control Diagnostics (COSO) of different international subsidiaries of the Group.• Value at Risk Analysis of the Strategic Plans, budgets and forecasts with simulations models as Monte Carlo.• Review and analysis of the business plans and test of impairments in the generation, distribution and retail tiers of companies in U.S., Europe and Latin America.• Benchmark analysis of direct competitors, both national and international.• Energy Sector Regulation Reports. Regulations comparatives (U.K., U.S. and Europe).

Worldwide, Oo

Lead Auditor of the Audit Central Engagement Team of one of the most important Energy groups in Spain, being the Lead Auditor in charge of the review of the group´s consolidated financial statements and the international and legal reporting. As external accounting auditor, I coordinated and reviewed the adaptation process to International Financial Reporting Standards (IFRS) of several clients, while managing the economic aspects of the different projects (progress, margins, invoicing and accounts receivable) and collaborating in commercial tasks (proposal for auditing, consulting and tax services and other projects).Most important roles performed:• Lead (2 years) a global financial audit, coordinating 28 local teams from 16 countries around the world.• Design and implement budgeting process and internal controls.• Review the mark-to-market valuation of derivatives and financial instruments.• Due diligence of national and international renewable energy companies.• Train executive levels of final clients in accounting and tax new regulations.• Manage the economics aspects of the different projects (progress, margins, invoicing and accounts receivable)• Coordinate and review the tasks of other fields as legal, tax, investment banking, actuary reports and environmental audits.• Collaborate in commercial tasks (proposal for auditing, consulting and tax services and other projects).Most Important clients: Unión Fenosa, Endesa, Iberdrola, Red Eléctrica Española and Enel-Viesgo among others.

I began my professional career in the Business Intelligence and ERP´s consultancy area of Arthur Andersen for the Telecommunications and Energy industry. In those days I learned the principles of the economic business and key reporting processes. As a consultant my role was to drive process improvements and efficiencies, integrating best practices while evaluating business prospects, goals and objectives. During this period of time I obtained the SAP Consultant Partner Certification in the Financial and Controlling modules.Most important roles performed:• Implement maintain and upgrade the Financial and Controlling modules of SAP R/3 at a Telecom company. • Identify and document functional requirements, information sources, distribution paths and system specifications. • Design and optimize de core business process at a Share Services Center of Telecommunications. • Conceptual design and implementation of an ABC management model at a mobile operator.

E-3, Bachelor Of Laws (Llb)

E-3, Bachelor Of Business Administration (B.B.A.)

Program For Management Development, Leadership Essentials

Executive Master Of Business Administration (Mba), Energy Companies Administration

Education record