CHANGES IN THE ORGANIZATIONAL STRUCTURE OF CREDITO REAL, S.A.B. C.V., SOFOM,
30 Agosto 2017 - 7:32PM
BMV General Information
MEXICO CITY, AUGUST 31ST, 2017. CREDITO REAL, S.A.B. DE C.V.,
SOFOM, E.R. ("CREDITO REAL"), ANNOUNCES THE APPOINTMENT OF JOSE
JUAN GONZALEZ ABUNDIS, AS CREDITO REAL'S CHIEF OPERATIONS OFFICER,
REPLACING LUIS RAMN RODRIGUEZ, WHO HAS LEFT THE COMPANY TO PURSUE
OTHER PROFESSIONAL INTERESTS, EFFECTIVE JULY 31ST, 2017.MR.
GONZALEZ BRINGS UNIQUE EXPERTISE TO HIS NEW ROLE IN CREDITO REAL,
HAVING SERVED MORE THAN NINE YEARSAS A SENIOR EXECUTIVE IN
DIRECTODO MEXICO ("KONDINERO"). HE PREVIOUSLY HELD THE POSITION OF
CHIEF OPERATING OFFICER, WHERE HE SIGNIFICANTLY CONTRIBUTED TO
THEMERGER BETWEEN THE PRIOR HOLDER OF KONDINERO AND CREDITO REAL.
PRIOR TO THIS ROLE, HE WAS INVOLVED IN DIFFERENT DEPARTMENTS WITHIN
KONDINERO, AS HUMAN RESOURCESDIRECTOR AND PURCHASE MANAGER.
MR. GONZALEZ HAS A DEGREE IN INDUSTRIAL ENGINEERING FROM THE
INSTITUTO TECNOLGICO DE MONTERREY AND HOLDS A MASTER'SDEGREE IN
FINANCE FROM THE SAME INSTITUTION.
"WE ARE PLEASED TO WELCOME JOSE JUAN AS OURNEW CHIEF OPERATION
OFFICER," SAID ANGEL ROMANOS, CREDITO REAL'S CHIEF EXECUTIVE
OFFICER. "HIS VALUABLE EXPERIENCE IN MEXICO'S MICROFINANCE SECTOR
AND LONG-STANDING RELATIONSHIP WITH CREDITO REAL MAKE HIM THE BEST
CANDIDATE FOR THIS POSITION. HIS DEEP UNDERSTANDING OF CREDITO
REALS STRATEGY, CLEAR VISION AND STRONG WORK ETHIC WILL HELP US TO
ACHIEVE NEW OPERATIONAL SYNERGIES THAT WILL GREATLY CONTRIBUTE TO
OUR GOAL OF GENERATING INCREASING RETURNS TO OUR INVESTORS".ABOUT
CREDITO REALCREDITO REAL IS A LEADING FINANCIAL INSTITUTION IN
MEXICO, WITH PRESENCE IN THE UNITED STATES, COSTA RICA, PANAMA AND
NICARAGUA, FOCUSING ONCONSUMER LENDING WITH A DIVERSIFIED BUSINESS
PLATFORM IN THE FOLLOWING MAIN LINES OF BUSINESS: PAYROLL LOANS,
SMALL BUSINESS LOANS, GROUP LOANS, USED CAR LOANSAND PERSONAL LOANS
THROUGH INSTACREDIT. CREDITO REAL OFFERS ITS PRODUCTS MAINLY TO LOW
AND MIDDLE-INCOME SEGMENTS OF THE POPULATION THAT HAVE HISTORICALLY
BEENUNDERSERVED BY OTHER FINANCIAL INSTITUTIONS. CREDITO REAL STOCK
IS LISTED ON THE MEXICAN STOCK EXCHANGE UNDER THE TICKER SYMBOL
"CREAL*". (BLOOMBERG IDENTIFICATION NUMBER IS CREAL* MM).