Cencosud Renews Its Board of Directors and Julio Moura is Elected President
26 Abril 2024 - 3:47PM
Business Wire
- Josefina Montenegro Araneda, Mónica Jiménez González, María
Leonie Roca, and Peter Paulmann Koepfer joined the board, which
also includes Julio Moura Neto (Chairman of the Board), Manfred
Paulmann Koepfer, Felipe Larraín Bascuñán, Ignacio Pérez Alarcón
and Carlos Fernández Calatayud.
With a 93.55% shareholder participation, Cencosud S.A. held its
Annual Ordinary Shareholders' Meeting on the 61st floor of the Gran
Torre Costanera, in Providencia, Santiago. During the meeting, led
by Julio Moura, Chairman of the Board of Directors, and Rodrigo
Larraín, CEO, the election of the Board of Directors took place,
which as of today will have four new members.
Josefina Montenegro Araneda, Mónica Jiménez González, María
Leonie Roca and Peter Paulmann Koepfer, all with extensive
experience in corporate governance, ESG and real estate, joined the
board as new members. With this change, the Board of Directors for
the 2024-2027 period is composed of nine members: Julio Moura Neto,
who was elected Chairman of the Board during the subsequent board
meeting; Manfred Paulmann Koepfer, Peter Paulmann Koepfer, Felipe
Larraín Bascuñán, Josefina Montenegro Araneda, Mónica Jiménez
González, María Leonie Roca, Ignacio Pérez Alarcón and Carlos
Fernández Calatayud. The last two as representatives of the AFPs
(pension funds administrator).
Other matters discussed at the Ordinary Shareholders' Meeting
were the positive results for 2023, the strength of the strategy
focused on growth, and the US$641 million investment plan for
2024.
Among the highlights of the year were the progress in financial
strengthening and in organic and inorganic growth, especially,
during this first year of operations in the United States with The
Fresh Market and in Brazil with Giga. In both, Cencosud showed its
capacity to integrate new operations, achieving a positive
performance in these markets.
“We finished 2023 with good results in several areas such as
growth, financial, innovation, sustainability, talent development
and governance. In addition, we demonstrated resilience in the face
of the different economic contexts of each country in which we
operate and achieved a double-digit EBITDA margin for the third
consecutive year, excluding the impact of the hyperinflationary
economy in Argentina,” said Julio Moura, Chairman of the
Board of Cencosud.
And he emphasized that “in sustainability we launched our
Integrated Environmental Management and Energy Efficiency Policy. I
would like to highlight that in 2023 we reduced greenhouse gas
emissions by 11% compared to the previous year in our premises and
facilities.”
Rodrigo Larraín, CEO of Cencosud, concluded that “during 2024
the focus will be on accelerating organic growth, innovation,
strengthening the physical-digital ecosystem, and achieving greater
operational efficiencies and profitability.” He also added that
“our investment plan includes the opening of 43 new stores and
the addition of more than 50 thousand m2 of sales floor, that is,
an increase of 80% compared to what was inaugurated in
2023.”
About Cencosud
Cencosud is one of the largest and most prestigious
retailers in the Americas, with operations in Argentina, Brazil,
Chile, Peru, Colombia, and the United States -in addition to a
commercial office in China and a technological and digital Hub in
Uruguay- where it develops a successful multi-format strategy that
today employs more than 110 thousand people. Its operation
encompasses several business lines, such as Supermarkets, Home
Improvement, Department Stores, Shopping Centers and Financial
Services.
Additionally, Cencosud operates complementary businesses such as
Cencosud Media, Cencosud Ventures and CencoPay, all of which are
known for their quality, excellent level of service, and focus on
customer satisfaction. For more information, please visit
www.cencosud.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240426995947/en/
Beatriz Monreal / beatriz.monreal@cencosud.cl