TV Azteca, S.A.B. de C.V. announced that Esteban Galíndez Aguirre was appointed CFO of the company, replacing Carlos Hesles, who will become Director of Administration. Mr. Galíndez has 16 years of experience in strategic positions in Grupo Elektra. He served as Director of Finance and was instrumental in obtaining funds through innovative mechanisms and their allocation to investment projects that maximize the value of the company.

He also had responsibilities in planning, financial strategy, budget control and treasury, as well as designing and implementing programs that drive operational efficiency and strengthen profitability. Previously, he was active in equity research at Deutsche Bank with recommendations that generated solid returns, and was instrumental in the reorganization of the treasury of Procter & Gamble where he had a favorable impact on profitable investments and designed cost efficiency strategies for the company. At TV Azteca, Mr. Galíndez will focus on reinforcing budget control and strict monitoring of costs, as well as optimizing profitability and maximizing cash generation of every project.

Carlos Hesles, the prior CFO, will become Director of Administration, with the responsibility of detailed information analysis for decision making, based on his deep knowledge of the company and broad experience in the business operation.