ALSEA ANNOUNCES CHANGES IN ITS
Mexico City, March 13, 2019 - Alsea, SAB de C.V. (BMV: ALSEA *) the leading operator of Quick Service Restaurants, Coffee Shops, and Casual Dining establishments in Latin America and Spain, informs that, pursuing his personal interests, Renzo Casillo has taken the decision to stop acting as the Company's Chief Executive Officer effective from Friday, March 15, 2019. Alsea thanks Renzo for his valuable contribution during the last two and a half years and wishes him success in his new projects.
Additionally, the Company informs that Alberto Torrado will assume the role of Executive President of Alsea as of Monday, March 18, 2019.
This press release contains certain forward-looking statements that reflect the current views and/or expectations of Alsea and its management with respect to its performance, business and future events. We use words such as "believe", "anticipate", "plan", "expect", "intend", "target", "estimate", "project", "predict", "forecast", "guideline", "should" and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. Alsea is under no obligation and expressly disclaims any intention or obligation to update or revised any forward-looking statements, whether as a result of new information, future events or otherwise.
Alsea is the leading restaurant operator in Latin America and Spain of global brands in the quick service, coffee shop, casual, fast casual and family dining segments. It has a diversified portfolio, with brands such as Domino's Pizza, Starbucks, Burger King, Chili's, California Pizza Kitchen, P.F. Chang's, Italianni's,
The Cheesecake Factory, Vips, Vips Smart, El Portón, Archie's, Foster's Hollywood, LAVACA, Cañas y Tapas, Gino's, TGI Fridays, and wagamama. The company operates more than 4,000 units and has more than 85,000 employees in Mexico, Spain, Argentina, Colombia, Chile, France, Portugal, Uruguay, Brazil and Andorra. Alsea's business model includes support for its brands through a Shared Services Center that provides all the Administrative and Development Processes, as well as the Supply Chain.
For more information, visit: www.alsea.com.mx
Its shares are traded on the Mexican Stock Exchange under the ticker symbol ALSEA*
Salvador Villaseñor Barragán
Telephone: (5255) 7583-2000 email@example.com