Corporate Governance
Board of Directors:
This section lists the members of the board of directors, both proprietary and independent.
The board of directors is comprised of President: Oscar Eugenio Baeza Fares, Vice President: Guillermo Baeza Fares, Secretary: Raúl de la Paz Parga.
Proprietary Board Members: Eugenio Baeza Montes, Jorge Alberto Baeza Fares, Walter Eldo Burr Bareño, Walter Eldo Burr Valenzuela.
Independent Board Members: Alfonso Rodriguez Arellano, Oscar Sepulveda Marquez, Javier Leonardo Webb Moreno, Oscar Francisco Cazares Elias, Carlos Antonio Carbajal Lechuga, Salvador Alvarez Valdes, Ricardo Davila Quiñones, Alfonso Orozco Martinez, Herminio Padruno Santos, Alfonso Orozco Martinez, Herminio Padruno Santos.
Lic. Oscar Eugenio Baeza Fares
Chairman of the Board and Chief Executive Officer of Grupo Bafar. He holds a bachelor’s degree in Business Administration from the University of Las Cruces, New Mexico, and a graduate degree from Harvard Business School. He is chairman of the board of directors, chief executive officer and founding partner of Grupo Bafar. He has led the company since its inception in 1983 and participates in various committees such as the Mexican Meat Council, CANACINTRA Chihuahua Delegation, member of the National Association of TIF Packers and the National Agricultural Council. He is also a member of the Board of Directors of “Food Group” and of the Mexican Consumer Products Industry Council, called “Conméxico”, as well as a member of the Board of Directors of the Business Coordinating Council (Consejo Coordinador Empresarial). He also sits on the boards of several organizations such as NAFIN, ITESM, Banamex, Telmex and BBVA Bancomer. Served as municipal president of the city of Chihuahua. He is recognized as one of the 100 most important businessmen in Mexico and one of the most influential leaders in Mexico according to various publications.
C.P. Guillermo Enrique Baeza Fares
He is a Certified Public Accountant from the Instituto Tecnológico y de Estudios Superiores de Monterrey (Monterrey campus) and holds a postgraduate degree from Harvard Business School. He is vice chairman of the board of directors and currently director of mergers, acquisitions and alliances of Grupo Bafar. For more than 30 years within Grupo Bafar, he has held various management positions and has been a pioneer in the development of products, markets and brands of cold meats and cheeses in the Mexican market. He has been a leader and key player in the acquisition of several companies such as Grupo Burr in the Pacific, Parma, Sabori and Campestre brands of the multinational Nestlé, Ponderosa deli meats in the northeast and Zagora stores in Puebla.
Raúl De la Paz Parga
Secretary of the Board of Directors and General Counsel of Grupo Bafar, S.A.B. de C.V., he obtained his law degree from the Universidad de México. Monterrey Law School. in 2004, and his Master of Laws (LL.M.) degree from Northwestern Pritzker School of Law in 2012; in the same year he obtained the Certificate in Business Administration by Northwestern University Kellogg School of Management. He is Vice President of the Board of the National Association of Business Lawyers, Chihuahua Section(ANADE), Vice President of the National Chamber of Commerce, Services and Tourism of Chihuahua(CANACO), and Alternate Board Member of the Chamber of Real Estate Owners (CAPRIN).
Mr. Eugenio Baeza Montes
Proprietary Director of the Board of Directors, as well as cattle rancher and owner of several properties in the State of Chihuahua. He is a Livestock Technician graduated from San Angelo College in the State of Texas, USA. For more than 55 years he has been dedicated to raising and fattening cattle and has served on several occasions on the Boards of Directors of Banca Serfin, the Regional Livestock Union of Chihuahua, the Brangus Association, as well as several companies.
Jorge Alberto Baeza Fares
He is a graduate of the University of Las Cruces, New Mexico and holds a postgraduate degree from Harvard Business School. He is a proprietary director of the board of directors and director of the Retail division of Grupo Bafar. With more than 20 years of professional experience in the agricultural and commercial sector, Mr. Baeza began his career within Grupo Bafar in the livestock division of the group, developing in an important way the fattening and export of live cattle to the United States; he was also the generator of the agricultural division with the planting of oats, alfalfa, corn and being the most relevant the cultivation of walnuts, leading Grupo Bafar to become one of the main walnut growers in the state of Chihuahua. During his career in the retail division, he has positioned the Carnemart brand as one of the fastest growing meat and convenience stores in the country, achieving a unique solution model for the institutional client. Carnemart’s store coverage has positioned it from a regional brand to a national chain, and it is an important member of ANTAD.
Mr. Walter Eldo Burr Bareño
Proprietary Director of the Board of Directors of Grupo Bafar. He was Chairman of the Board and Chief Executive Officer of Grupo Burr for more than 21 years.
Walter Burr Valenzuela
Proprietary Director of the Board of Directors and Chief Executive Officer of the Consumer Products Division of Grupo Bafar. He is 49 years old and holds a degree in Marketing from the Instituto Tecnológico y de Estudios Superiores de Monterrey (Campus Monterrey). He has postgraduate studies in Total Quality and Productivity at Universidad La Salle and has a postgraduate degree in GMP from Harvard Business School. He has worked for 23 years in different management positions within Grupo Bafar and Grupo Burr.
Mr. Oscar Sepúlveda Márquez
Independent Director of the Board of Directors. Director and Chairman of the Board of Directors of Auto Transportes del Real S.A. de C.V. and Puertas Tarahumara, S.A. de C.V. For more than 43 years he has been at the head of his companies, is a member of several Boards of Directors and was President of CANACINTRA (Chihuahua Branch).
Javier Leonardo Webb Moreno
Independent Director of the Board of Directors. Owner and manager of livestock and real estate businesses, among others. He holds a B.S. in Agricultural Business Administration from Las Cruces, New Mexico, graduating in 1980. He has more than 26 years of experience in the agricultural and agro-industrial sector. He worked at Grupo Webb, a packing company located in the city of Monterrey, N.L. and in cattle fattening in the city of Torreon.
Member of the Board of Directors of the Local Livestock Association of Chihuahua and was Fattening Advisor in Dodge City Kansas. He has taken financial update courses at the Instituto Tecnológico y de Estudios Superiores de Monterrey, as well as at the Instituto Panamericano de Alta Dirección de Empresas. He has developed his own cattle breeding, fattening and exporting businesses.
Eng. Oscar F. Cázares Elías
Independent Director of the Board of Directors. Chairman of the Board of Grupo Cajel, S.A. de C.V. and Blue Wáter Auto motive, S. de R.L. de C.V. He holds a degree in Industrial Engineering and an MBA from IPADE. Since 1999, he was appointed President and Chief Executive Officer of Pepsico de México, S.A. and Pepsi-Cola Mexicana, S.A. He currently serves as a member of the Boards of Directors of companies both in Mexico and abroad, as well as the Board of Directors of AMCHAM (American Chamber of Commerce) and is an active member of different boards of trustees focused on social causes.
Eng. Herminio Padruno Santos
Independent Director of the Board of Directors. He studied Industrial Engineering at the Universidad Iberoamericana. He has 35 years of work experience in the financial sector. He currently works as an independent financial consultant. Until 2002, he was a partner of Capital Access, investment bankers. Previously, he collaborated as Director at GBM Grupo Bursátil Mexicano, Casa de Bolsa; he has also held executive positions in the areas of promotion and operation of companies such as: Casa de Bolsa Banamex and Multivalores Casa de Bolsa, of which he was Partner and General Director.
Arq. Carlos Antonio Carvajal Lechuga
Independent Director of the Board of Directors. He studied architecture at the Instituto Tecnológico y de Estudios Superiores de Monterrey (Campus Monterrey) and studied at IPADE. He has extensive work experience which began in 1974. He is currently General Director and Sole Administrator of Crocsa Corporativo, S.A. de C.V.; he is in charge of large projects such as: hotels, gymnasiums, hospitals, maquiladoras, self-service stores, etc.
Mr. Salvador Álvarez Valdés
Independent Director of the Board of Directors. He is a Spanish national and holds a degree in Economics and Business Administration from Universidad Complutense de Madrid, IPADE – AD2. He has lived in Mexico for more than 16 years. He has been President and Chief Executive Officer of Conagra Foods Mexico (Group composed of Productos del Monte, Act II, Verde Valle, Sigma Alimentos, Pam, Healthy Choice, etc.). He is currently a member of the Board of Directors of Corporativo Corvi and has been Chief Executive Officer of Organización Sahuayo, S.A. de C.V. for 9 years.
He has extensive experience as a business leader in countries such as the United States, Puerto Rico, Panama, Spain and Russia.
Eng. Ricardo Dávila Quiñones
Independent member of the Board of Directors. He holds a degree in Industrial and Systems Engineering from the Instituto Tecnológico de Monterrey and postgraduate studies from New York University. He has more than 20 years of experience as a business advisor, is a founding partner of Alfaro Davila & Rios SC (ADR), and has held senior positions at Credit Suisse and the Donaldson Luftkin and Jenrette Investment Bank. Specialist in mergers and acquisitions, restructurings, financings, capital markets operations and investment, participating in important transactions of public companies in Mexico and abroad.
Audit Committee
The Audit Committee is made up of 3 independent directors and its main task is to support the Group’s Board of Directors in evaluating the quality and integrity of the accounting and business processes, as well as to identify the level of compliance with the strategies, established policies and operating legal framework, and their consistency with the business objectives defined by the shareholders themselves.
| Members: |
| Oscar Sepúlveda Márquez |
| Salvador Álvarez Valdés |
| Herminio Padruno Santos |
Corporate Practices Committee
The Corporate Practices Committee is made up of 3 independent directors and its main task is to support the Group’s Board of Directors in the preparation of reports, make observations on the performance of the Relevant Directors, evaluate transactions with related parties and review the emoluments packages delivered to the Chief Executive Officer and Relevant Directors.
| Members: |
| Oscar Sepúlveda Marquez |
| Ricardo Davila Quiñones |
| Herminio Padruno Santos |
Managers
C.P. Luis Eduardo Ramírez Herrera
Director of Finance and Administration
He is a Certified Public Accountant and holds a Bachelor’s degree in Financial Management from the Instituto Tecnológico y de Estudios Superiores de Monterrey, with a Master’s degree in Management from Thunderbird University (The Garvin School of International Management) in Phoenix, AZ, USA. He has almost 20 years of professional experience in different positions such as: strategic planning manager at Grupo Bafar, administration and finance manager of the international division (Roonoke, VA, United States), administration manager of the trucking division, as well as financial planning manager at Metalsa, S. de R.L. He also held the position of health sector controller at Grupo Pulsar. He is recognized as one of the best CFOs in Mexico by various publications such as Expansión, Forbes and Mundo Ejecutivo.
Ernesto Hermosillo Seyffert, Esq.
Director of Strategic Planning
He has a degree in Business Administration, a diploma in Finance and Senior Business Management, graduated from the Instituto Tecnológico y de Estudios Superiores de Monterrey, Competitive Strategy graduated from Harvard Business School, with 29 years of work experience with the following positions and places of work: Consultant in Systems Planning and Business Reengineering within the firm Grupo Administración e Informática SA based in Monterrey, NL. participating in companies such as: Inverlat, Seguros Monterrey, Fianzas Monterrey, Xerox Mexicana, Grupo Industrial Saltillo, Almacenadora SA, Sidermex and Prosa, Managing Partner of Globale SC companies dedicated to offer Internet access in partnership with INFOSEL and later sold to the Spanish company Terra Networks, Director of Modernization and Systems in the Municipality of Chihuahua in the Administration of the Municipal President C.P. Alejandro Cano Ricaud, Undersecretary of Economy of the Government of the State of Chihuahua in the administration of Governor José Reyes Baeza Terrazas. He later took office as Secretary of Economy, General Director of Grupo Jidosha Internacional SA de CV, a company that manages 9 automotive agencies of the Nissan brand in the states of Chihuahua, Campeche and Yucatán.
Eng. Guadalupe Cárdenas Félix
Innovation Director
She is 47 years old and is a Biochemical Engineer with a specialty in food, graduated from the Instituto Tecnológico de Los Mochis. He has 26 years of professional experience in the quality area performing related functions in the private food industry, being the following positions and places of work: National Quality Manager in Grupo Bafar, Quality Manager in Nestlé S.A. de C.V., in Meat Products Plant, Quality Superintendent in Nestlé S.A. de C.V., in Dairy Plant, Quality Specialist in Nestlé S.A. de C.V. in Dairy Plant.
Eng. José María Muzquiz Barrera
Director of Vextor
He holds a degree in Agricultural Engineering from the Universidad Autónoma de Chihuahua and a Master’s degree in Economics and Finance from Universidad La Salle, with studies and diplomas from IESE in Spain and the Instituto Tecnológico de Monterrey. Eng. Mr. Muzquiz has more than 30 years of experience in the financial sector, holding various management positions in the Credit and Commercial area of BBVA Bancomer. He participated as an advisor at the Bank of Mexico in the Northern Regional Management in Sonora, Advisor of the Chihuahua State Delegation of the Mexican Red Cross, as well as President of the Banking Center in the States of Chihuahua and Baja California.
C.P. Guillermo Medrano Artalejo
Real Estate Director
He is a Certified Public Accountant with a Master’s Degree in Business Administration from ITESM and studies in Senior Management at IPADE. With more than 16 years of experience in the real estate sector and more than 10 years of experience in the industrial sector, he has been general director of Intermex Parques Industriales, and held important positions in Grupo Chihuahua. He is the director of the real estate division of Grupo Bafar, positioning this business unit as one of the fastest growing and contributing to the group’s results, positioning the Bafar brand within the real estate segment in the north of the country and building a portfolio in only 4 years that serves as the basis for Fibra Nova. Consolidated a strategic alliance with Copachisa, one of the most important construction companies in the north of the country, achieving important real estate projects. He has participated in the board of the Maquiladora Association of the City of Chihuahua, generating a wide business network in the maquiladora sector.