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Abengoa Yield, the yieldco spun off by Abengoa, the troubled Spanish renewable energy company, has changed its name to Atlantica Yield, and appointed a new chief financial officer, in a bid to dissociate itself from its parent, which has three months left to avoid bankruptcy.
The position of CFO at Abengoa Yield has been vacant since September, when Eduard Soler left the company after six years. On Monday, the yieldco, under the new name of Atlantica since January 7, announced that its new CFO would be Francisco Martinez-Davis.
"The idea clearly is to put some distance...