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Colombia's Grupo Éxito Elects New Board Of Directors

Published on May 13 2018 12:17 PM in Retail tagged: Colombia / Grupo Éxito / Board of Directors

Colombia's Grupo Éxito Elects New Board Of Directors

Colombia-based Grupo Éxito has announced its new board of directors for the period 2018-2020.

The board of nine will be comprised of four non-executive and five inside directors. Jean-Paul Mochet, the director general of Groupe Casino's Franprix banner, and Guillaume Humbert, Casino's corporate finance director, are new additions to the board.

The board of directors also appointed Luis Fernando Alarcón as the Chairman, who had been serving in this position since June 2015.

Competent & Diverse Team

Commenting on the new board, Carlos Mario Giraldo Moreno, CEO of Grupo Éxito said, "After reviewing and analysing in detail the candidates' profile from a functional and personal perspective, we find the conformation of a highly competent team, with diverse training and experience, elements that favour the complementarity among its members.

“It was identified that the candidates favour a balanced variety in knowledge and professional performance by their national and international experience in a great variety of areas, what works in favour of the development and growth of the Company and its shareholders ."

The amount of $243.20 pesos (€10.50) per share was decreed for the annual dividend for the 447,604,316 outstanding shares of the Company, which is equivalent to the sum of $ 108.8 (€4.7) billion pesos.

These will be paid in four quarterly instalments, in the months of April, July and October of 2018 and January of 2019.

© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Aidan O'Sullivan. Click subscribe to sign up to ESM: European Supermarket Magazine.

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