Grupo LALA, S.A.B. de C.V., announced that Grupo LALA and Mauricio Leyva have reached a mutual agreement wherein Mr. Leyva will step down as Chief Executive Officer effective December 31, 2019. LALA's Board of Directors maintains its firm support and endorsement of the Company's strategy currently in place and of the continued execution of previously announced related initiatives. LALA's Board of Directors has begun a process to identify and appoint a new CEO and further updates will be made in due course. In the interim, former CEO and current member of LALA's Board of Directors Arquímedes Celis Ordaz will assume the role of CEO supported by members of the operations team.