LatinFinance - July/August 2015 - 4

NEWS
PEOPLE

Chile switched up its cabinet, while executives made rounds at
Mexican banks and corporates. By Jennifer P. Roig

The next shift
Chile made headlines when it
revamped its cabinet in May.
President Michelle Bachelet
tapped six new ministers and
switched three to new posts.
Rodrigo Valdés took over as
finance minister, replacing
Alberto Arenas. Valdés had
worked as chief executive at
BancoEstado since April 2014.
Economy minister Luis Felipe
Céspedes remained at his post.
Decision makers at Chilean
corporates and firms also made
moves. Retailer La Polar named
Juan Enrique Vilajuana
as new chairman, after the
resignation of César Barros
Montero, who led the board
for four years. Chilean power
company Enersis promoted
Francisco de Borja as new
chairman of the board, taking
over from Jorge Rosenblut who
resigned after half a year on the
job. Utility provider Empresas
Públicas de Medellín
appointed Fredy Zuleta Dávila
as CEO of its Chilean subsidiary
Aguas de Antofagasta. Hugo
Masana Sepúlveda had led the
water utility, which EPM bought
in late April for $965 million.
Santiago-based pension fund
Cuprum welcomed Pedro
Atria as CEO, replacing Ignacio
Álvarez, who has led the AFP
since 2009.
Also in the Andes, the
Colombian finance ministry
appointed Ana Milena López
as head of public credit,
replacing Michel Janna, who
exited the post in April. Energy
holding company ISA named

4 L ATINFINA NCE.COM - July/August 2015

Bernardo Vargas Gibsone
as CEO, promoted from his
post as head of the business
areas committee. He replaced
Luis Fernando Alarcón, who
moved to lead the board of
retailer Grupo Éxito. Peruvian
conglomerate Grupo Romero
named Paolo Sacchi as CEO.
Sacchi hails from the same
post in Alicorp, a subsidiary
of the group. Alfredo Pérez
took over Sacchi´s position at
Alicorp.
In Mexico, Grupo Mexicano
de Desarrollo hired Federico
Ochoa Peressini as its new
chief financial officer, taking
the position over from Sergio
Cancino Rodríguez. Santiago
Ortiz Monasterio was
promoted to CEO at GBM
Infraestructura from his
previous post as CFO, replacing
Manuel Rodríguez Arregui.
The company has yet to name a
new CFO.
Ford Credit de México
appointed María Antonieta
Ludivina Osorio Hernández
to replace Eric Christiaan Roell
Heering as CFO. Roell moved
to take a position in the Ford
Motor Company in the US.
Elementia named Rafael
Lira as CFO, taking over from
Víctor Hugo Ibarra Alcázar.
Mario Gordillo Rincón
stepped down as CEO of Grupo
Elektra, after working with the
company since 2003. Rodrigo
Kede was named president
at information technology
company Totvs, to pave the
way for the exit of its CEO and

founder Laercio Cosentino.
Kede will become the new CEO
after a transition period of up
to three years, when Cosentino
will become a candidate for
board chairman.
Brazilian builder Camargo
Corrêa replaced Dalton
Avancini from his post as
president of the board, due
to his arrest in connection to
the Lava Jato investigation.
The company named Artur
Coutinho to take over the role.
Also in Brazil, Harley Lorentz
Scardoelli became CFO at
steel producer Gerdau, after
André Pires resigned.

Sweeping in

Eduardo Osuna Osuna
replaced Vicente María Rodero
Rodero as BBVA Bancomer's
CEO. Rodero will now lead
networks and operations
at Bancomer parent BBVA.
Benedikt Kodel left his role as
a debt capital markets official
in the Mexican unit of HSBC
to join BBVA Bancomer's
syndicated loans team. María
Fernanda Espino joined
HSBC's debt capital markets
team in Mexico as an associate,
following the departure of
Kodel. Former Banamex CEO
Javier Arrigunaga took over
Eduardo Tricio Haro's post
as chairman of the board at

For daily news on
market moves, visit:
latinfinance.com

Grupo Aeroméxico.
Meanwhile, José Oriol
Bosch Par, CEO of the Mexican
stock exchange, was named
head of Mexican derivative
exchange MexDer. He
replaced Jorge Alegría, who
left the exchange for personal
reasons after 13 years at the
institution.
In Argentina, BBVA Banco
Francés appointed Martín
Ezequiel Zarich as CEO.
Zarich took over from Ricardo
Enrique Moreno, who moved
to BBVA headquarters in Spain.
Sergio García joined
Rabobank as VP covering
corporates and project finance
in Latin America, reporting
to Nader Pasdar, managing
director and head of capital
markets origination. García
left NordLB where he was a
director of project finance.
García started in the newly
created role in New York on
May 18, focusing on food and
agriculture, targeted areas of
growth for the bank.
Oppenheimer & Co.
named John Tonelli as
managing director and head
of debt capital markets and
syndication, reporting to
Robert Lowenthal, global head
of fixed income. Tonelli worked
as CFO of Argentine holdco
Corporación América. LF

LatinFinance's Daily Brief provides full
coverage of people moves as they happen.
See latinfinance.com for complete details
http://www.latinfinance.com http://www.latinfinance.com http://www.LATINFINANCE.COM
Table of Contents for the Digital Edition of LatinFinance - July/August 2015
