Fernández Tapias, the businessman who did not want to ‘abdicate’: the hornet’s nest of succession

Three marriages and eight children. A hornet’s nest for Fernando Fernández Tapias, who died this Wednesday, October 25, at the age of 84. The elders even denounced him for leaving them apart from their family societies. Afflicted with health – he suffered several coronary deficiencies that forced him to undergo surgery and up to seven stents were implanted in his heart – Fefé began to make moves in his companies years ago, which triggered the family earthquake.

Fefé never thought about ‘abdicating’. This is how she explained it on ABC in 2014. “I will work until I die,” she stressed. Years later this changed. Fernández Tapias left his executive position to occupy the chair of honorary president. In 2020, the former vice president of Real Madrid restructured the company F Tapias Grupo de Sociedades e Inversiones, which then had assets of 16 million euros. It was when he pushed the older offspring away from him. He relegated Iñigo as director and Fernando and Borja were removed as CEOs, published The world. All three are the result of his first marriage to Victoria Riva. With her he also had Bosco, who lost his life while diving in 2010.

That position was passed on to another of his sons, Juan Carlos, a position he also holds at Naviera F Tapias Galicia. Juan Carlos was born from the relationship between his father and Juana García Courel. They also had Sandra. Juan Carlos and Sandra are part of eight family companies. The man is also the sole administrator of F Tapias Desarrollos Empresariales, a position held by his older brother, Fernando, until April 2020. Since then, the Galician’s children have no presence in any of their societies. In the photo, with his third wife, Nuria González.

According to ABC, the children sued him to discover the reason for these movements. Even in the trial it was commented that the older brothers came to state that Fernández Tapias suffered cognitive impairment. Iván and Alma always took a stand in favor of his father, both the result of his marriage to the now widowed Nuria González. Nuria is the representative of seven of her companies.

He founded Interoll in 1976, the seed of his shipping company specialized in oil that rose to become one of the most powerful in the world. Many years later, in 2004, he sold his shipping company to the industry giant Teekay Corporation for more than one billion euros. Teekay, founded in 1973, went from being a regional shipping company to becoming one of the largest marine energy transportation companies on the planet.