Servicios Corporativos Javer, S.A.B. De C.V. Announces Executive Changes
January 25, 2017 at 11:29 am EST
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Servicios Corporativos Javer, S.A.B. de C.V. announced that Eugenio Garza y Garza notified the board of directors of his intention to retire from his position as Chief Executive Officer in order to pursue personal projects. Javer expresses its profound gratitude to Eugenio for his hard work during the last nine years with the company. In 2008, he joined Javer as Chief Financial Officer and for the last four years he was in charge of the company’s management as CEO, bringing Javer public through a successful IPO and positioning the company as the market leader in terms of housing units sold. The designation of Garza y Garza as a member of the Board of Directors will be proposed and voted on at Javer’s next General Ordinary Shareholders’ Meeting. The board of directors intends to name Mr. Rene Martínez Martinez as the new CEO of the company. Mr. Rene Martínez Martinez has worked
for more than seven years as COO of Javer, holds a degree in industrial engineering from ITESM, and prior to Javer, he served for more than 15 years as CEO of the movie theater operator, MMCinemas. The appointment of the new CEO will be ratified by the board of directors during the transition period, which is effective immediately and must conclude no later than March 31, 2017.
Servicios Corporativos Javer SAB de CV is a Mexico-based company primarily engaged in the homebuilding sectors. The Company specializes in the design, construction, promotion and sale of housing developments, which are mainly located in the northeastern region of Mexico. The Company's products portfolio comprises single-family and multifamily real estate properties that are structured in three divisions: Affordable Entry-Level, Middle-Income and Residential. The Company also owns land in the states of Nuevo Leon, Jalisco, Aguascalientes, Tamaulipas, Queretaro and Estado de Mexico, Mexico. Moreover, the Company is active in the promotion, development and sale of commercial land plots.