Grupo LALA Announces A Change In Executive Team
MEXICO CITY, Nov. 12, 2014 /PRNewswire/ -- Grupo LALA, S.A.B. de C.V. (BMV: LALAB) ("Grupo LALA" or "LALA"), Mexico's leader in healthy and nutritious foods, has announced today that CFO Antonio Zamora Galland will be leaving the Company to pursue another professional opportunity starting January 1, 2015. Mr. Zamora has served as Grupo LALA's CFO since January 2010 and will remain at the Company through the end of December.
"On behalf of Grupo LALA, we thank Antonio for his valuable contributions over the past five years. We wish him the very best in the next phase of his career," said Mr. Eduardo Tricio, Chairman of the Board.
"The decision to leave LALA was a very difficult one for me," said Mr. Zamora. "LALA is a great Company. I am grateful for the learning, experience and relationships and I look forward to seeing LALA continue to grow in the future."
The Company is pleased to announce that Mr. Gabriel Fernandez Ares de Parga will be appointed as the new CFO of the Company.
Mr. Fernandez joins Grupo LALA after spending 10 years with Mars Inc., where he served as Vice President of Finance Mars Chocolate North America Region. During his tenure, he held a similar position in Continental Europe as well as other roles in Finance in Mexico and Latin America. Prior to joining Mars Inc., he served for seven years in Procter & Gamble in various positions in Finance. Mr. Fernandez is a Mechanical Engineer from Universidad Nacional Autónoma de Mexico and also holds a Master in Mechanical Engineering from MIT.
"I'm very pleased to join as a member of the LALA team. I am thrilled by the Company's vision and potential, and look forward in helping the team to continue creating significant value to LALA," said Mr. Fernandez.
"Gabriel brings the right experience from leading branded CPGs into the Finance role as we continue to strengthen our strategy to accelerate future growth," said Mr. Eduardo Tricio.
About LALA
Grupo LALA, (BMV: LALAB), Mexico's leader in healthy and nutritious foods, has a history of more than 60 years of experience in the production, innovation and marketing of milk and dairy products under the highest quality standards. The Company operates 17 production plants and 160 distribution centers in Mexico and Central America, supported by more than 31,000 employees. Grupo LALA's fleet of approximately 7,300 vehicles and distributes its more than 600 products to nearly 500,000 points of sale. LALA's portfolio is led by its two main brands: LALA® and Nutri Leche®. For more information visit www.grupolala.com
Grupo LALA trades on the Mexican Stock Exchange under the ticker symbol "LALA B"
SOURCE Grupo LALA, S.A.B. de C.V.
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