The president of Velatia stressed the importance of industry together with other personalities from the business world during the “Alumni Day,” held by the Deusto Business Alumni community in Madrid
Javier Ormazabal, president of Velatia, participated on Wednesday 10 May in the round table “The company: economic and social engine,” which served as a meeting place for various personalities from the business world to review the current economic and social situation of the country. The debate was part of the Alumni Day organised by the Deusto Business Alumni community of the University of Deusto at the CaixaForum in Madrid, and was attended by José Ignacio Goirigolzarri, executive chairman of CaixaBank, and Laura Abasolo, Chief Financial and Control Officer at Telefónica and Head of Telefónica HispAm.
The event, which emphasised the value of the company as an economic engine thanks to its contribution to the generation of wealth and employment in society, began with welcoming remarks by Agustín Garmendia, president of Deusto Business Alumni, and the presentation “Total reinvention of the company,” given by Domingo Mirón, president of the Accenture Foundation in Spain. After this, it was the turn of the round table debate.
In this way, and under the watchful eye of the audience, which included many former students of the Deusto Business School, Javier Ormazabal offered an overview of the current situation of the industry. A sector that, in his words, “has evolved a great deal, despite the fact that many people still identify it with the image of the factories of 50 years ago.” The president of Velatia insisted that the industrial sector faces great challenges, and that “we must showcase all that the industry stands for, as well as what it offers and contributes to the future and to the environment.”
Javier Ormazabal focused on the need to “have a long-term industrial vision with clear commitments that promote the capitalisation of companies” as “we need to have stronger and larger companies and, currently, the Spanish business fabric is full of small and medium-sized companies.” Another of the key factors that he highlighted was the productivity of the industrial world and its link with digital transformation, something on which “companies in the industrial sphere are putting little focus despite the possibilities for improvement and innovation that it offers.”
Furthermore, Javier Ormazabal recalled the commitment of business in general and industry in particular to people, emphasising the sector’s need to “attract and regenerate talent at a time when the demographic pyramid is inverting.” A commitment to people that is exemplified in organisations such as Velatia, which has more than 3,800 highly qualified professionals worldwide.
