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Alicorp Announces Senior Management Changes

Monday, 15 June 2020 12:15 PM

ALICORP S.A.A.

LIMA, PERU / ACCESSWIRE / June 15, 2020 - Alicorp S.A.A. ("Alicorp" or "the Company") (Lima Stock Exchange:ALICORC1 and ALICORI1) a leading Peruvian CG and B2B company, announced today the reorganization of its top management structure. These changes are related to Alicorp´s culture of flexibility which obliges the company to be in constant evolution, in order to achieve efficiency and create value for the consumers, the society and its shareholders.

Mr. Alfredo Pérez Gubbins, CEO stated: "Our aspirations require us to constantly reinvent ourselves in order to develop in a sustainable and continuous way. For this reason, we are organizing our structure differently, developing new units and teams with different capabilities, to continue strengthening ourselves and take on new challenges".

After 40 years at Alicorp, Jaime Butrich, the current VP of Supply chain, will be leaving Alicorp at the end of year 2020.

Stefan Stern, current VP of Alicorp solutions, will take over the position and transition into the role beginning on July 15.

Additionally, Luis Estrada Rondón, current VP of Commodities & Crushing, will take on the role of VP of Commodities & Alicorp Solutions, while the Crushing Business will fall under the responsibilities of the VP of Consumer Goods International led by José Antonio Cabrera.

In addition to her current position, Paola Ruchman, VP of Human Resources, has been named Chief of Staff of the CEO. Furthermore, Patricio Jaramillo, VP of Consumer Goods Peru, will also incorporate the role of VP of Innovation.

INVESTOR RELATIONS CONTACT

Gisele Remy Ferrero
MD Corporate Finance & IRO
T: (511) 315-0800 Ext: 444410
E-mail: [email protected]

About Alicorp

Alicorp is a leading consumer goods company headquartered in Peru, with operations in other Latin American countries, such as Argentina, Brazil, Bolivia, Chile, Ecuador, and exports to 22 other countries. The Company focuses on four core businesses: (1) Consumer Products (food, personal and home care products), in Peru, Brazil, Argentina, Bolivia, Ecuador, Colombia and other countries, (2) Industrial Food Products (industrial flour, industrial lard, pre-mix and food service products), and (3) Aquaculture (fish and shrimp feeding) and (4) Crushing (soy and sunflower seeds).

Forward-Looking Statements

Certain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Alicorp's expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Alicorp's control that could cause actual results to differ materially from the results discussed in the forward-looking statements.

Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, Alicorp does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time and it is not possible for management to predict all such factors.

SOURCE: ALICORP S.A.A.  via EQS Newswire

Topic:
Regulatory
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