Background on Armando Torrado and Alsea
Alsea, a leading restaurant and cafeteria operator with brands like Starbucks, Domino’s, and Vips, announced that Armando Torrado will become the new President of the Board, replacing Alberto Torrado.
The decision was approved during the Ordinary Annual Shareholders’ Meeting held on April 30th. During the same meeting, it was confirmed that Armando Torrado will step down from the CEO position in July, as previously announced.
The new CEO role will be taken by Christian Gurría, selected through an internal and external selection process, addressing Alsea’s long-term succession strategy in Mexico, Latin America, and Europe.
Torrado’s Tenure as CEO
Armando Torrado will leave the CEO position after three years, having assumed the role on July 11, 2022, following Fernando González Somoza’s brief tenure of six months. González Somoza left the position due to personal reasons, reaching an agreement with the Board of Directors.
Alsea also mentioned that after a 10-year tenure as an independent board member, León Kraig stepped down from his position and was thanked for his contributions over the years.
Torrado’s New Role and Perspective
Armando Torrado, with around 33 years of experience, expressed gratitude to Alsea’s corporate governance bodies for trusting him with his new role within the company.
He praised Alberto Torrado’s vision and emphasized his commitment to continuing the legacy, making Alsea a more profitable and efficient company with a renewed executive team and clear market leadership strategy.
Torrado believes these changes will enable the company to tackle future challenges and continue creating value for its shareholders, customers, and employees.
Alberto Torrado Martínez, a member of Alsea’s Board of Directors, pledged his full support for Armando Torrado to continue driving the company’s growth.
Key Questions and Answers
- Who is Armando Torrado? Armando Torrado is a seasoned professional with approximately 33 years of experience. He recently served as the CEO of Alsea, a major restaurant and cafeteria operator in Mexico, Latin America, and Europe.
- What is Armando Torrado’s new role? Armando Torrado will now serve as the President of Alsea’s Board of Directors, succeeding Alberto Torrado.
- Who is the new CEO of Alsea? Christian Gurría was selected as the new CEO following a rigorous internal and external selection process.
- Why did Fernando González Somoza leave Alsea? Fernando González Somoza left the CEO position after six months due to personal reasons and an agreement with the Board of Directors.
- What changes are happening within Alsea’s Board of Directors? León Kraig, who had served as an independent board member for 10 years, stepped down from his position. Armando Torrado will now take on the President of the Board role, while Christian Gurría becomes the new CEO.
