—Manuel Delgado is Designated CFO of Banco Azteca—
— Solid Experience, Proven Ability and Extensive Knowledge of the Companies Will Drive Even More the Dynamic Business Performance—
MEXICO CITY, Nov. 12, 2014 (GLOBE NEWSWIRE) -- Grupo Elektra, S.A.B. de C.V. (BMV:ELEKTRA*) (Latibex:XEKT), Latin America's leading specialty retailer and financial services company and the largest non-bank provider of cash advance services in the United States, announced today that Mauro Aguirre Regis was named CFO of the company.
Mr. Aguirre has 18 years of experience in strategic positions in Grupo Elektra. He has been Director of Administration and Finance of Banco Azteca and had executive level responsibilities in financial planning and controlling at Grupo Elektra for Mexico and Latin America, where he implemented successful strategies for budget control to maximize the efficient use of resources and positively affect profitability. Mr. Aguirre has also been instrumental in obtaining financial resources that result in a solid capital structure and financial cost optimization.
He previously held senior executive positions in Mexican and world-class multinationals. Mauro Aguirre holds a degree in Accounting from the Universidad Nacional Autónoma de México and holds an MBA in Finance from the Instituto Tecnológico y de Estudios Superiores de Monterrey.
Manuel Delgado Forey was appointed CFO of Banco Azteca, a position held by Mr. Aguirre. Manuel Delgado has 15 years of experience in finance and information analysis of Grupo Salinas' companies. He was responsible for the generation of financial statements of companies in the financial businesses of Grupo Elektra, the development of information for decision-making of the CEO, budget planning and monitoring and sector analysis for numerous Grupo Salinas companies.
Mr. Delgado has been instrumental in creating timely executive information and thorough analysis of financial data and operational indicators for good business performance and achieving financial savings that result in higher levels of operational efficiency for dynamic growth. Manuel Delgado holds a degree in Business Administration from the Universidad Panamericana and holds an MBA from the University of Texas, in Austin.
Rodrigo Pliego Abraham, who held the position of CFO of Grupo Elektra and other positions in Grupo Salinas, is now the CFO of Grupo Salinas.
Company Profile:
Grupo Elektra (www.grupoelektra.com.mx) is Latin America's leading financial services company and specialty retailer and the largest non-bank provider of cash advance services in the United States. The Group operates over 6,000 points of sale in Mexico, USA, Brazil, Guatemala, Honduras, Peru, Panama and El Salvador.
Grupo Elektra is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast-growing, and technologically advanced companies focused on creating shareholder value, contributing to build the middle class of the countries in which they operate and improving society through excellence. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. The companies include Azteca (www.irtvazteca.com), Azteca America (www.aztecaamerica.com), Grupo Elektra (www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx), Advance America (www.advanceamerica.net), Afore Azteca (www.aforeazteca.com.mx), Seguros Azteca (www.segurosazteca.com.mx) and Grupo Iusacell (www.iusacell.com.mx). Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings. However, the member companies share a common vision, values and strategies for achieving rapid growth, superior results and world-class performance.
Except for historical information, the matters discussed in this press release are forward-looking statements and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Other risks that may affect Grupo Elektra and its subsidiaries are identified in documents sent to securities authorities.