|Annual General Ordinary Shareholder´s Meeting April 27th 2022|
|Ordinary General Shareholder´s Meeting July 21st 2021|
|Annual General Ordinary Shareholder´s Meeting April 21st 2021|
|General Ordinary Shareholders' Meeting of April 25th, 2018|
|General Ordinary Shareholders' Meeting of February 15th, 2018|
|General Ordinary Shareholders' Meeting of April 2017|
|General Ordinary Shareholders' Meeting of April 20th, 2016|
|General Ordinary Shareholders' Meeting of April 22nd, 2015|
|General Extraordinary Shareholders' Meeting of September 24, 2014|
|General Ordinary Shareholders' Meeting of April 23rd, 2014|
|General Ordinary Shareholders' Meeting of December 5th, 2013|
Our Board of Directors is responsible for the management of our business. It meets at least once every quarter, and can meet extraordinarily as necessary. Our Board of Directors currently consists of 11 principal members, from which 10 are independent.
The following table sets forth our current directors and their alternates, as applicable, as appointed by our shareholders’ meeting
Mr. Barrios is our current Chairman of the Board of Directors. Mr. Barrios has over 25 years of hospitality industry experience and has been our Chairman of the Board and Chief Executive Officer since our inception. Prior to co-founding our company in 2002, he held several top management positions at Grupo Posadas, one of the largest hotel operators in Latin America, including Chief Executive Officer (1994-1999) and Chief Financial Officer (1986-1993). He was responsible for leading Grupo Posadas’ IPO in 1992. During his tenure at Grupo Posadas, he led the company’s rapid growth from a local Mexican player to the largest hotel operator in Latin America, based on the number of rooms and hotels at the time of his departure. Mr. Barrios was instrumental in Grupo Posadas’ international expansion to Brazil and Argentina through the acquisition of the Caesar Park chain. Additionally, he was responsible for the development of the Fiesta Inn brand, which was the first business travel hotel chain in Mexico. Mr. Barrios also participates in the Board of Directors of Corporación Actinver, S.A.B. de C.V., Consejo Consultivo Metropolitano de NAFINSA, Asociación Mexicana de Hoteles de la Ciudad de México, A.C. and Asociación Mexicana de Cadenas de Hoteles. Mr. Barrios holds a degree in Systems Engineering from the Universidad Iberoamericana, as well as a Master’s degree in Business Administration from the University of Texas.
El señor García Segovia es miembro de los Consejos de Administración de Cemex, S.A.B. de C.V., Grupo Cementos de Chihuahua, S.A.B. de C.V. e Innovación y Conveniencia, S.A. de C.V. (ICONN). Además, es Presidente del Consejo de la Escuela de Ingeniería y Tecnologías del Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM). Es consejero de la Universidad de Monterrey y de varias entidades involucradas en la sustentabilidad y conservación, incluyendo Unidos para la Conservación, A.C., Pronatura Noreste, A.C., el Consejo Consultivo de Flora y Fauna del Estado de Nuevo León y Parques y Vida Silvestre de Nuevo León. Fundó y es Presidente de Comenzar de Nuevo, A.C., una asociación sin fines de lucro dedicada a la prevención, el diagnóstico y el tratamiento de trastornos alimenticios y, además, fue uno de los fundadores de Expertos en Acción, S.C., una empresa de consultoría. El señor García Segovia ocupó diversos cargos directivos en Cemex, incluyendo los de Director de Operaciones, Director General de Desarrollo, Vicepresidente Ejecutivo de Desarrollo y, más recientemente, Vicepresidente Ejecutivo de Tecnología, Energía y Sustentabilidad. También fue presidente de los Consejos de Administración de la Comisión de Estudios del Sector Privado para el Desarrollo Sustentable (CESPEDES), un centro privado de investigación para el desarrollo sustentable, Gas Industrial de Monterrey, S.A. de C.V., Aeropuerto Internacional del Norte, S.C. y Casino Monterrey, S.C. Fue miembro de los Consejos del Comité Ejecutivo de COPARMEX, World Environmental Center, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., Sociedad Industrial de Parras, S.A. de C.V. y la Universidad Regiomontana. El señor García Segovia cuenta con títulos en ingeniería mecánica y administración de empresas por el ITESM y con una maestría en administración de empresas por la Universidad de Texas.
Mr. Elek is the founder and co-chairman of Elek, Moreno Valle y Asociados (EMVA), a premier investment banking firm in Mexico founded in 1986. He served for six years as deputy president of Banamex and nine years at Citibank, N.A., including two years in New York, two years managing Citibank’s Canadian operations, and two years running its Mexican operations. He is a member of the boards of various companies and participates actively in those in which EMVA acts as a principal. He has also served as chairman of the board of Compañía Industrial San Cristóbal (Scott Paper Co.) and has served on the boards of Banamex, Cementos Apasco, Mastercard International, Seguros America, Compañía Hulera Euzkadi, Química Borden, Intermex in London, Farmacias Benavides, Mex-Capital, Korn Ferry, Sulzer Hermanos and Centex Corporation in Dallas, Texas. Mr. Elek also formerly served as president and chair of the Mexico-U.S. Bilateral Committee and the Mexican Business Council for International Affairs (C.E.M.A.I.). He has served as vice president of the National Museum of Art in Mexico (MUNAL), the Centro Mexicano de la Filantropía and The Americas Society, and he was elected to the Board of Trustees of Southern Methodist University (SMU) in 2001. He was also honored by the Brazilian Government for promoting international trade and investment. Mr. Elek earned degrees from Central Methodist College in Fayette, Missouri and Harvard Business School in Cambridge, Massachusetts.
Mr. Maldonado currently serves as a member of the Regional Advisory Board of BBVA Bancomer and the Advisory Committee of the Universidad Loyola del Pacífico, and he previously was a member of the Mexican Institute of Financial Executives (IMEF). He has been involved as an investor in several hospitality ventures both in Mexico and the United States. Mr. Maldonado is a Certified Public Account and also has a degree in advanced management studies from the Universidad Autónoma de Nuevo León.
Mr. Chapa González has served since the year 2002 as Chairman of the Board of Directors and Chief Executive Officer of Iconn and 7-Eleven México S.A. de C.V., where with the support and talent of his executive team has achieved the development and transformation from a family company founded in 1923 into a private corporation implementing the best corporate governance practices. He is also member of the board of directors of STIVA, Recuperaciones Industriales Internacionales (RIISA), MDI Contact Center, and Chairman of the Investigation Board of Retail for Latin America, The Coca Cola Company, Consultant Member of TELMEX Northern Region, Regional member of Scotiabank and Banamex, member of the Executive Board and Chairman member of the Finance Committee of the Universidad de Monterrey (UDEM), member of COPARMEX Nuevo León, member of Fundación Ricardo, Andrés y José A. Chapa González A.C. (a non-profit organization who attends through Beneficiary Institutions the basic needs of the community in the areas of education, health, social assistance, and moral development). Mr. Chapa González has a degree as an Industrial and Systems Engineer with honors from the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), and continued with his post graduate education with Advance Marketing Program in Texas University and with the Alta Dirección de Empresas AD II del IPADE, the Executive Program for Growing Companies of Stanford University as well as with the Executive Program Leadership & Strategy in the IMD of Switzerland.
Mr. Azcárraga currently serves as CEO of Inmobiliaria y Desarrolladora Destin, S.A. de C.V. and of Fraccionadora Villa Las Fuentes, S.A. de C.V. He has served in various companies in the fields of real estate development, information technology and financing. He also has served as member of the boards and audit committees for Corporación MDS, S.A. de C.V. and Valle Alto Club de Golf A.C. Mr. Azcárraga has a degree in computer systems engineering from the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) as well as a Master’s degree in business and finance from the EGADE Business School in Monterrey.
Mr. Andragnes currently serves as Director of the real estate area for Latin America of Compass Group, Manager of Fondo Compass de Desarrollo y Renta Residencial Mexico, a residential rental property fund that he also co-founded with Compass Group, and Director at Metro Building, a real estate development company that focuses on major Latin American metropolitan areas and New York. He previously served as Chief Investment Officer and President of the Investment Committee for Latin America at Prudential Real Estate Investors, and he was also previously a real estate consultant for Ernst and Young in Buenos Aires. Mr. Andragnes also served as a member of the Board of Directors of Paz Corp, S.A., a homebuilder in Chile, Brazil and Peru, as well as of Ridge Trust, a private REIT with operations in the United States and Mexico. Mr. Andragnes has extensive experience in the Latin American real estate market, having participated in more than 300 real estate projects in Mexico, Brazil, Argentina, Chile, Peru, Colombia and the United States, and has independently consulted for Pulte Homes Corporation. Mr. Andragnes holds a Bachelor’s degree in Management from the University of Buenos Aires, where he has also served as adjunct professor, and a Master’s degree in Real Estate Development from Columbia University.
Mr. Contreras is Managing Director and Partner in WAMEX Private Equity, a Mexican company founded in 1999 that manages private equity funds MIF I y MIF II. He is proprietary member of Hoteles City Express Board and he is the current President of the Corporate Governance Committee. Before WAMEX, he was specialized in investment banking and strategic advisory. He was Executive Director in the Investment Banking Division of OBSA Serfin (1993-1997), where he was in charge of Mergers and Acquisitions, structuring and executive acquisition and sell mandates for private and public companies, joint-ventures and delisting companies. Previous to that, he was Principal in Booz, Allen & Hamilton (1986-1993), where he led advisory projects in Mexico, United States, Canada and South America. He is member of the board of several private Mexican companies and he holds a bachelor degree in Mechanic Engineering from Universidad Anáhuac and an MBA from University of Pennsylvania Wharton.
Mr. Espinosa de los Monteros is currently a partner and Officer of Excelencia Total en Servicios Corporativos and has been Chief Financial Officer of Mexicana de Aviación; Credit Coordinator and Portfolio Manager of INFONAVIT; Co-Chief Executive Officer of Crédito Hipotecario, Grupo Financiero Bancrecer; Executive President of Finacom, S.A. de C.V., holding several management positions at Banca Serfin; Chief Financial Officer of Ediciones Larousse; Chief Financial Officer of Compañía Mexicana de Seguros de Crédito. Additionally, Mr. Espinosa de los Monteros is a specialist in bankruptcy proceedings and he has been appointed as inspector in some bankruptcy proceedings. He is a propietary member of the Board of Directors of the Company since 2013, and he is currently the Chairman of the Audit Committee of the Company. He has participated and currently participates in several Audit Committees (as Chairman in some cases) including, without limitation, the following companies: Royal Bank of Scotland, Afianzadora Insurgentes Aserta, Bancomext, Sociedad Hipotecaria Federal y Seguros Hipotecarios, Consorcio Hogar, S.A. de C.V., Fincomún (Sociedad Financiera Popular), Sociedad de Fomento a la Educación Superior, SOFOM, Unión de Crédito de la Industria Litográfica, Banco de Ahorro Nacional y Servicios Financieros (Bansefi), Fincasa, and Ixe Banco, among others. He has taught at the Accounting and Management Department of UNAM since 1970. He has been a member of Instituto Mexicano de Ejecutivos de Finanzas, A.C., Instituto Mexicano de Contadores Públicos, Colegio de Contadores Públicos de México, and Asociación Mexicana de Bancos, and he was part of the negotiating team of the financial sector for the NAFTA. Mr. Espinosa de los Monteros is a Certified Public Accountant. He graduated from the Accounting and Management Department of UNAM and has taken several courses of management and banking administration, and bankrupcty, among others.
Alejandra Smith is CEO and Co-founder of Edge, a consultant boutique office with 8 years of experience in advising leader companies in order to grow its position in the market through different geographic areas and categories. She has participated as independent member of different Board of Directors, including Bepensa, Kua Foods and Zurich, among others, and Chairman of the Evaluation and Compensation Committee of Bepensa. She previously worked for 20 years in developing business, brands and company teams for Fortune 100 companies (Procter & Gamble and PepsiCo) in North America, Latin America, and Asia Pacific. She has strong experience in management, focusing in sales and marketing. She has a Business Administration Degree, focused in Economics by ITAM (Instituto Tecnológico Autónomo de México).
Thomas McDonald is a managing partner and co-founder of Jaguar Growth Partners. With his head office in New York and another in Sao Paulo, Jaguar is a private investment management specialized in real estate private equity in developing markets worldwide. Founded in 2013 with Gary Garrabrant, Jaguar invests and develops operative platforms related with real estate and companies prepared to grow in developing markets. The firm invests through managed funds, incluiding Jaguar Real Estate Partners, focused exclusively in Latin America. Mr McDonald is currently a Director of Aliansce Shopping Centers (BZ: ALSC3) and Latam Logistics Properties and previously was a Director of Gafisa (NSE: GFA), BR Malls (BZ: BRML3), Tenda (BZ: TNDA3), Parque Arauco (SNSE: PARAUCO), Homex, Hotelera AmericaLatina NH, Crédito Inmobiliario, AGV Logistics, Bracor and Brazilian Finance and Real Estate. From 1999 to 2012, Mr. McDonald served as Director of Strategy at International Equity. Had a strategic role in developing his style of collaborative investment, partner oriented, in the establishment, construction and optimization of relation, as well as the coordination of investments and portfolio management activities. From 1997 to 1999, Mr. McDonald was Executive Vicepresident of Anixter International (NYSE: AXE) responsible for the sales worldwide. From 1993 to 1997, Mr. McDonald lived in Argentina and was responsible of establishing the operative business of Anixter in Brasil, Argentina, Chile, Venezuela and Colombia.
|Name||Position||Year Of Joining The Company|
|Luis Eduardo Barrios Sánchez||Chief Executive Officer||2002|
|Baltasar Artero Fernández Trujillo||Chief Development Officer||2017|
|Francisco José Fabregat Ramírez||Chief IT and Systems Officer||2002|
|Carlos Adams Ruelas||Franchise Promotion Director||2002|
|Santiago Parra Gutierrez||Chief Financial Officer||2022|
|Alberto Granados||Chief Operating Officer||2019|