A.B. de C.V. ("Vitro" or "The Company") (BMV: VITROA) announces that Mundo Ejecutivo, one of the most influential Spanish language business magazines in Mexico, has ranked the Company's board of directors as one of the top ten in Mexico.
Hugo A. Lara Garcia, Vitro's Chief Executive Officer, said "I am very pleased that Mundo Ejecutivo has recognized our board of directors with this distinction, and we are deeply grateful for the ongoing support of our board, particularly during an unprecedented global economic environment."
"Our board has worked tirelessly to position Vitro for future success, and this distinction is another indication that we have the right leadership in place."
Vitro's Board of Directors supervises the efficient administration of the Company and is responsible for overseeing the adherence to all agreements reached in the shareholders meetings as well as conducting other oversight functions.
The Board is supported by the functions of the Finance and Planning Committee, the Audit Committee and the Corporate Practices Committee. The Audit Committee and the Corporate Practices Committee are comprised of independent directors.
Mundo Ejecutivo ranked Vitro's board of directors as number nine of the 90 top Mexican companies that the magazine evaluated, and also recognized the boards of directors of FEMSA, Telefonos de Mexico, Televisa, Banamex, and CEMEX, among others.
Mundo Ejecutivo, founded more than thirty years ago, is one of the leading Spanish-language magazines for business executives in Mexico, focusing on topics such as technology, finance, economics, as well as business professional profiles and features.
"We are delighted that Mundo Ejecutivo has recognized Vitro's board of directors as one of the top ten in Mexico," said Adrian Sada Gonzalez, Chairman of the Board of Directors. "It is an honor to be part of such experienced and accomplished board, and I am pleased that this experience and dedication has been recognized."
Vitro, S.A.B. de C.V. (BMV: VITROA), is the leading glass manufacturer in Mexico and one of the world's major glass companies, backed by more than 100 years of experience in the industry. Founded in 1909 in Monterrey, Mexico, the company currently has subsidiaries in America and Europe, which offer quality products and reliable services to meet the needs of two different types of business: glass containers and flat glass. Companies of Vitro produce, process, distribute and market a wide range of glass articles which are part of the daily life of thousands of people. Vitro offers solutions for multiple markets including food, drinks, wines, liquors, cosmetics and pharmaceuticals, as well as the architectural and automotive. The company is also a supplier of raw materials, machinery and equipment for industrial use. As a socially responsible company, Vitro implements various initiatives to contribute to improving the quality of life of its employees, providing support to the communities where it has presence, preserving the environment and favoring an ethical and transparent management. For more information, please consult the website: http://www.vitro.com