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Grupo Financiero Banorte SAB de CV (GFNORTEO.MX)

GFNORTEO.MX on Mexico Stock Exchange

107.08MXN
13 Sep 2019
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Summary

Name Age Since Current Position

Carlos Hank Gonzalez

47 2015 Chairman of the Board

Jose Ramirez Miguel

55 2014 Chief Executive Officer, Managing Director, Director

Rafael Arana de la Garza

68 Managing Director - Chief Financial and Operating Officer

Mayra Lopez Lopez

Executive Director - Accounting

Javier Beltran Cantu

Managing Director, Administration and Human Resources

Guillermo Chavez Eckstein

Managing Director, Risk Management

Hector Avila Flores

Head of Legal and Trust, Secretary of the Board of Directors

Carlos de la Isla Corry

2018 Managing Director, Credit

Carlos Martinez Gonzalez

2013 Managing Director, Retail Banking

Jose Rodal Espinosa

2018 Managing Director, Wholesale Banking

Manuel Romo Villafuerte

2015 Managing Director, Means of Payment

Fernando Solis Soberon

55 2018 Managing Director, Annuities and Pensions

Isaias Velazquez Gonzalez

54 2014 Managing Director of Audit

Jorge Vega Camargo

Deputy Managing Director - Controller

Sergio Robles Gil

Presidential Advisor Regional Boards

Juan Gonzalez Moreno

61 2004 Director

David Villarreal Montemayor

70 1993 Director

Carmen Armendariz Guerra

63 2009 Independent Director

Jose Antonio Chedraui Eguia

52 2015 Independent Director

Alfonso de Angoitia Noriega

57 2015 Independent Director

Alfredo Elias Ayub

68 2013 Independent Director

Everardo Elizondo Almaguer

75 2010 Independent Director

Thomas Heather Rodriguez

65 2016 Independent Director

Eduardo Livas Cantu

76 1999 Independent Director

David Penaloza Alanis

45 2019 Independent Director

Hector Reyes Retana y Dahl

72 2011 Independent Director

Adrian Sada Cueva

44 2013 Independent Director

Ursula Wilhelm Nieto

2014 Head of Investor Relations, ESG and Financial Intelligence

Biographies

Name Description

Carlos Hank Gonzalez

Mr. Carlos Hank Gonzalez has served as Chairman of the Board of Grupo Financiero Banorte, S.A.B. de C.V. since January 1, 2015. He has been Director of the Company since October 2014. He is Chairman of the Nominations Committee and has been its Member since November 2014. At Gruma, he has played a key role since December 2012, when he became Vice Chairman of the Board of Directors and joined the Executive Committee. In 1997, he was appointed as CEO of Interacciones Casa de Bolsa, in 1999 as CEO of Banco Interacciones and in 2000 as CEO of Grupo Financiero Interacciones (GFI). At the beginning of 2003, he was designated as Deputy CEO of Grupo Financiero Banorte (GFNorte) and by the end of the year, he returned to GFI as CEO. He led a public offering in 2013 that consolidated GFI as a public company. Additionally, he was appointed CEO of Grupo Industrial Hermes in 2008, a group founded in 1978, with different business lines in infrastructure, energy, automotive, transportation and, since 2013, in tourism. He holds Bachelor’s Degree in Business Management with specialization in Finance from Universidad Iberoamericana.

Jose Ramirez Miguel

Mr. Jose Marcos Ramirez Miguel has served Chief Executive Officer and Managing Director of Grupo Financiero Banorte, S.A.B. de C.V. since November 20, 2014. Prior to this, he served as Managing Director – Wholesale Banking & Casa de Bolsa Banorte Ixe of Company. He has been Director of the Company since July 2011. He acts as Member of the Risk Policies Committee and Nominations Committee of the Company since November 2014. He has been Chief Executive Officer of GFNorte and Banco Mercantil del Norte, S.A. since November 2014. His professional experience is essentially in the banking industry. He began as interdisciplinary consultant at Peat Marwick Mexico, and subsequently entered to the Financial Engineering Area at Operadora de Bolsa. In 1989, he founded Finventia where he held an important role in the issuance of the first private Eurobond after the Mexican debt restructuring. He also worked at Banque Nationale de Paris and Banque Indosuez Mexico as trader in the Mexican market. From 1993 to 1999 he was with Nacional Financiera, S.N.C. in the Development Banking area, where he held various management positions. Later on, he worked at Grupo Financiero Santander for 11 years where he served CFO, Managing Director of Wholesale Banking, Managing Director of Santander Brokerage and Executive Vice President of the Group. Furthermore, in 2007, he was appointed Chairman of the Mexican Securities Industry Association (AMIB). He holds a Bachelor’s Degree in Actuarial Science from Universidad Anahuac, a Postgraduate Degree in Finance from Instituto Tecnologico Autonomo de Mexico (ITAM) and an MBA from E.S.A.D.E. in Barcelona.

Rafael Arana de la Garza

Eng. Rafael Victorio Arana de la Garza serves as Managing Director - Chief Financial and Operating Officer of Grupo Financiero Banorte, S.A.B. de C.V. He also serves as Member of Chief Operating Officer the Company's Human Resources Committee since April 2015.

Mayra Lopez Lopez

Javier Beltran Cantu

Mr. Javier Beltran Cantu serves as Managing Director, Administration and Human Resources at Grupo Financiero Banorte, S.A.B. de C.V. He has been Member of the Human Resources Committee since April 2015.

Guillermo Chavez Eckstein

Mr. Guillermo Chavez Eckstein serves as Managing Director, Risk Management of Grupo Financiero Banorte, S.A.B. de C.V. He has been Member of Rick Policies Committee and Human Resources Committee since July 2015. He also served as Member of the Board of Directors of Edoardos Martin SAB de CV until July 12, 2011. He has been a Board Member for over nine years. He has also served at HSBC Mexico SA as Managing Director for Special Projects and at BBVA Bancomer SA as Director of Wholesale Banking. He graduated from Universidad Iberoamericana with a degree in Chemical Engineering and holds a Masters of Business Administration degree and completed the Executive Program, both from Instituto Panamericano de Alta Direccion de Empresa (IPADE).

Hector Avila Flores

Mr. Hector Martin Avila Flores serves as Head of Legal and Trust and Secretary of the Board of Directors of Grupo Financiero Banorte, S.A.B. de C.V. He served as Member of the Security, Loan Recovery Central, Control and Communications, Fiduciary Business and Investment Projects Committees of the Company.

Carlos de la Isla Corry

Mr. Carlos de la Isla Corry has been Managing Director, Credit at Grupo Financiero Banorte, S.A.B. de C.V. since 2018. He previously was President until 2016. He has been Alternate Board Member since April 2016.

Carlos Martinez Gonzalez

Mr. Carlos Eduardo Martinez Gonzalez has served as Managing Director, Retail Banking of Grupo Financiero Banorte, S.A.B. de C.V. since 2013. He served as General Director of Government Banking of the Company till 2013. He acted as Member of the Management, Operations, Loan Central and Fiduciary Business Committees of the Company.

Jose Rodal Espinosa

Mr. Jose Armando Rodal Espinosa has served as Managing Director, Wholesale Banking at Grupo Financiero Banorte, S.A.B. de C.V. since 2018. He has previously been Managing Director - Business & Corporate Banking of Grupo Financiero Banorte, S.A.B. de C.V. from 2016 and Managing Director - Wholesale Banking until 2016. He holds a Master of Business Administration degree.

Manuel Romo Villafuerte

Mr. Manuel Antonio Romo Villafuerte has served as Managing Director, Means of Payment of Grupo Financiero Banorte, S.A.B. de C.V. since 2015. Prior to this, he was Managing Director - Consumer Product of the Company. He holds a Bachelors degree in Administration and a Masters degree in Economics.

Fernando Solis Soberon

Mr. Fernando Solis Soberon has been Managing Director, Annuities and Pensions at Grupo Financiero Banorte, S.A.B. de C.V. since 2018. He previously served as Managing Director - Long Term Savings of the Company. He served as Member of the Company’s Risk Policies Committee. He holds a Master’s and a Doctorate degree in Economics.

Isaias Velazquez Gonzalez

Mr. Isaias Velazquez Gonzalez, CPA has served as Managing Director of Audit of Grupo Financiero Banorte, S.A.B. de C.V. since October 2014. He is Member of the Human Resources Committee since April 2015.

Jorge Vega Camargo

Sergio Robles Gil

Mr. Sergio Garcia Robles Gil serves as Presidential Advisor Regional Boards at Grupo Financiero Banorte, S.A.B. de C.V. He previously was Managing Director - Corporate Banking. He holds Master’s degree in Business Administration.

Juan Gonzalez Moreno

Mr. Juan Antonio Gonzalez Moreno has served as Director of Grupo Financiero Banorte, S.A.B. de C.V. since April 2004. He is Member of the Nominations Committee. He has also been Chairman of the Board of Directors and CEO of Gruma and Gimsa. He has been Managing Director of Gruma Asia and Oceania and Senior Vice President of Special Projects at Gruma Corporation. He is Chairman of the Board of Directors and CEO of CarAmigo U.S.A., and Vice President of the Central and Eastern Regions of Mission Foods. President and Vice President for Sales at Azteca Milling. He graduated in Business Management from Universidad Regiomontana and holds an MBA from University of San Diego.

David Villarreal Montemayor

Mr. David Juan Villarreal Montemayor has served as Director of Grupo Financiero Banorte, S.A.B. de C.V. since October 1993. He is Chief Executive Officer and majority shareholder of Artefactos Laminados, S.A. de C.V. Currently, he is Chairman of the Board and Deputy Managing Director of Inmobiliaria Montevi, S.A. de C.V. and Inmobiliaria Monyor, S.A. de C.V. He is a regional Advisor of Banco Nacional de Mexico, S.A. (Citibanamex) and a Financial Advisor and Business Developer for SISMEX, Sistemas Mexicanos, S.A. de C.V. Furthermore, he was Deputy Manager of Operations in Artefactos Laminados from 1972 to 1990. He holds undergraduate degree in Mechanical and Electrical Engineering from Instituto Tecnologico y de Estudios Superiores de Monterrey (ITESM); Master’s Degree in Science in Automatic Control from the same Institution; participated in the Advanced Management program from Instituto Panamericano de Alta Direccion (IPADE).

Carmen Armendariz Guerra

Ms. Carmen Patricia Armendariz Guerra has served as Independent Director of Grupo Financiero Banorte, S.A.B. de C.V. since April 2009. She is Member of the Audit and Corporate Practices Committee since July 2011. She is Managing Director at Financiera Sustentable, a company engaged in microfinance, and is Partner - Director and Founder of Valores Financieros, company dedicated to consultancy for banking systems. She was advisor to the Mexican Ministry of Finance and Public Credit, a position in which she coordinated the negotiation of financial services within the North American Free Trade Agreement (NAFTA), and later served as Vice President for Supervision at the National Banking and Securities Commission, and Associate Director of the Bank for International Settlements, in charge of analyzing the impact of Basel II in emerging markets. She was advisor to GFNorte’s Chairman Emeritus, Roberto Gonzalez Barrera, and Director of Special Projects at the same Institution. She has been international consultant in banking crises, Professor of Economics at Instituto Tecnologico Autonomo de Mexico (ITAM) and author of several academic and specialized publications in Banking and Macroeconomics. She holds undergraduate degree in Actuarial Mathematics from Universidad Nacional Autonoma de Mexico (UNAM), a Master’s Degree in Economics from the same institution and a Ph.D. in Economics from Columbia University in New York.

Jose Antonio Chedraui Eguia

Mr. Jose Antonio Chedraui Eguia has served as Independent Director of Grupo Financiero Banorte, S.A.B. de C.V. since April 27, 2015. He has been Member of the Nominations Committee since July 2016. He is currently CEO of Grupo Comercial Chedraui. Formerly, he was Chief Sales Officer and later CEO of Comercial Las Galas. He has been active in the organizations Fundacion Chedraui, Young Presidents’ Organization and Mexico Nuevo. He holds Bachelor’s Degree in Accounting and Finance from Universidad Anahuac.

Alfonso de Angoitia Noriega

Mr. Alfonso de Angoitia Noriega has served as Independent Director of Grupo Financiero Banorte, S.A.B. de C.V. since April 27, 2015. He is Member of the Nominations Committee (since July 2016). He is Executive Co-President and Chairman of the Finance Committee at Grupo Televisa, S.A.B. de C.V. He has served on the Board and Executive Committee of the company since 1997. He is also member of the Board of Directors of Cablevision, S.A. de C.V., Innova, S. de R.L. de C.V. (Sky), Cablemas Telecomunicaciones, S.A. de C.V., Operbes, S.A. de C.V. (Bestel), International Television, Inc. de C.V., Grupo Axo, S.A.P.I. de C.V. and The Americas Society; Chairman of the Board of Kardias Foundation and member of the UNAM Foundation and the Mexican Health Foundation. Before joining Grupo Televisa, he was cofounder of the law firm Mijares, Angoitia, Cortes y Fuentes, S.C. He served as Executive Vice President of Administration and Finance from 1999 to 2003 and was member of the Boards of Grupo Modelo, S.A.B. de C.V. from 2005 to 2013 and The American School Foundation from 2001 to 2010. He holds Bachelor’s Degree in Law from Universidad Nacional Autonoma de Mexico (UNAM).

Alfredo Elias Ayub

Mr. Alfredo Elias Ayub has served as Independent Director of Grupo Financiero Banorte, S.A.B. de C.V. since April 2013. He is currently Chairman of the Board of Promociones Metropolis, S.A. de C.V. and member of the Board of Iberdrola USA and Rotoplas. Formerly served as CEO of Mexico’s Federal Electricity Commission (CFE), CEO of Airports and Auxiliary Services (ASA) and held various positions within the Ministry of Energy, Mining and State- Owned Enterprise. He has been a member of the Harvard Business School Alumni Board, and the Board of Directors of Nacional Financiera, Multibanco Mercantil de Mexico and Banco Internacional. Furthermore, he was Chairman of the Board of the Instituto Mexicano de Investigaciones Electricas and of the Mexico Foundation at Harvard. He holds Civil Engineering degree from Universidad Anahuac and an MBA from Harvard Business School.

Everardo Elizondo Almaguer

Mr. Everardo Elizondo Almaguer has served as Independent Director of Grupo Financiero Banorte, S.A.B. de C.V. since April 2010. He also serves as Member of the Risk Policies Committee (since October 2010), Member of the Nominations Committee (since March 2016) and Chairman of the Human Resources Committee (Member since January 2011) of the Company. He is Professor of International Finance at EGADE, Business School, ITESM. He was Director of Economic Studies at Grupo Industrial Alfa (Alfa Group); founded the Consulting firm Agency Index, Economia Aplicada, S.A. and was Deputy Governor of the Mexican Central Bank (Banco de Mexico). He founded and was the first Director of the Graduate School of the Faculty of Economics at the University of Nuevo Leon. He graduated in Economics from the Universidad Autonoma de Nuevo Leon and holds a Master’s Degree and Ph.D. in Economics, both from the University of Wisconsin-Madison.

Thomas Heather Rodriguez

Mr. Thomas Stanley Heather Rodriguez has served as Independent Director of Grupo Financiero Banorte, S.A.B. de C.V. since April 2016. He is Member of the Audit and Corporate Practices Committee (since April 2016) and Risk Policies Committee (since April 2016), as well as Member of the Nominations Committee (since July 2016). He is currently partner at Ritch Mueller, Heather and Nicolau, S.C., specializing in external funding, restructurings and securities offerings. He is Legal Advisor to the Mexican Business Coordinating Council (CCE) and permanent member of the committee in charge of drafting the CCE’s Code of Best Corporate Practices. He has served as magistrate in the International Court of Arbitration and as Conciliator at the Federal Institute of Insolvency Specialists (IFECOM). Representative of the International Insolvency Institute at the United Nations Commission on International Trade Law (UNCITRAL) and member of the Mexican Bar. Previously, he co-founded Heather & Heather, S.C.—from 2010 until its merger in 2013 to form Ritch Mueller, Heather and Nicolau, S.C.—and White & Case, LLP, in the Mexico City offices from 2005 to 2009. Member of the Board of Directors and of the Audit and Corporate Practices Committee (CAPS) of Grupo Bimbo, S.A.B. de C.V.; Independent member and Chairman of the CAPS at Gruma, S.A.B. de C.V. and Grupo Industrial Maseca, S.A.B. de C.V. Has been independent board member at Grupo Modelo, S.A.B. de C.V. from 1997 to 2005, GSF Telecom Holdings, S.A.P.I. from 2012 to 2014 and Nikko Hotels until 2013. He was also independent board member of Grupo Financiero Scotiabank and subsidiaries from 2001 to 2016. He holds Bachelor´s Degree in Law from the Escuela Libre de Derecho and a Master’s Degree in Comparative Jurisprudence - Financial Law from University of Texas at Austin. He also has several specialization certificates from Universidad Panamericana and New York University.

Eduardo Livas Cantu

Mr. Eduardo Livas Cantu has served as Independent Director of Grupo Financiero Banorte, S.A.B. de C.V. since April 1999. He is Chairman of the Risk Policies Committee (Member since January 2002) and Member of the Human Resources Committee (since April 2015). He is currently Member of the Executive Committee of Gruma. Hr has been Chief Operating Officer of Gimsa from 1975 to 1978 and Managing Director of Central America from 1978 to 1982. He was CEO of Gruma Corp. (U.S.A. division) from 1982 to 1994 and Chief Corporate Officer of Gimsa and Gruma from 1994 to 1999. Additionally, he served as a corporate consultant from 1999 to 2014. He holds an undergraduate degree in Law from the Universidad Autonoma de Nuevo Leon (UANL) and a Ph.D. in Economics from the University of Austin, Texas.

David Penaloza Alanis

Mr. David Penaloza Alanis has been Independent Director at Grupo Financiero Banorte, S.A.B. de C.V. since April 30, 2019. Currently, he is CEO and Chairman of the Board of Directors of Promotora y Operadora de Infraestructura, S.A.B. de C.V. (PINFRA), which positions he has held since 2001 and 2013, respectively. Formerly, he worked at Societe Generale, GBM and Serfin. He holds Bachelor’s Degree in Public Accounting from Universidad Anahuac and Graduate Degree in Business Administration from the University of Harvard.

Hector Reyes Retana y Dahl

Mr. Hector Federico Reyes Retana y Dahl has served as Independent Director of Grupo Financiero Banorte, S.A.B. de C.V. since July 21, 2011. He also serves as Chairman of the Audit and Corporate Practices Committee (Member since July 2011) and Member of the Risk Policies Committee (since April 2013). He is Independent Advisor and Consultant. He has held various positions in the public sector, in the Ministry of the Economy, he founded the organism “ProMexico, Inversion y Comercio”; was CEO of the Exim Bank Banco Nacional de Comercio Exterior, S.N.C., CEO of Banca Confia and Director of International Operations of the Mexican Central Bank (Banco de Mexico). In the private sector, he was CEO of Grupo Financiero Mifel and Banca Mifel. He was a Member of the Board of Banco del Ahorro Nacional (Bansefi). Furthermore, he held positions as Vice President of the Mexican Banking Association and Vice President of the Mexican Bankers Association, among others. He holds undergraduate degree in Industrial Engineering from Universidad Iberoamericana, and MBA from Cornell University, New York.

Adrian Sada Cueva

Mr. Adrian G. Sada Cueva has served as Independent Director of Grupo Financiero Banorte, S.A.B. de C.V. since April 2013. He is Executive CEO of Vitro since March 2013 and member of the Board of Directors of Vitro, S.A.B. de C.V. since 2010. He has been CEO of Vitro Cristalglass (Spain), Managing Director of Vitro Automotive, Director of Internal Restructuring, Director of Administration and Finance and Managing Director of the Containers Business in Vitro. He is also a member of the boards of Comegua, Club Industrial de Monterrey, Universidad de Monterrey, the Manufacturing Industry Chamber (CAINTRA). He holds Bachelor’s Degree in Business Administration from Instituto Tecnologico y de Estudios Superiores de Monterrey (ITESM) and MBA from Stanford Business School.

Ursula Wilhelm Nieto