The process of internationalization of GRUPO SURA is bringing changes in one of the company's vice-president positions as well as new announcements on the integration of the regional sub-holding company that is now heading up the recently acquired businesses.
Andres Bernal Correa (B.S. in Business Management from
EAFIT University and MBA from Babson College), has served
as Vice President for Finance and Investment (CFO) of GRUPO
SURA since 2004, now leaves his current position to become
the Vice President for Finance and Strategy of the new
sub-holding company, which is currently the leader in
Annuities in Latin America. One of his main challenges will
be to merge operations in the region while consolidating
the plans for the company's expansion and financing.
Mr. Bernal leaves his current position after successfully
leading large-scale projects that were of significant
economic and financial impact for both GRUPO SURA and the
country. Among his principal achievements are the
following: his participation in focusing GRUPO SURA's
strategic investments, the successful placement of two
share issues and an international bond issue (2005
and 2011), the issuance of the first perpetual bonds in
Colombia (2009), GRUPO SURA's establishment of a Level 1
ADR program in the U.S. (2008) and at Latibex (2011),
achieving an investment grade rating for the Company
(2011), the creation of "Enlace Operativo" (2006) and the
acquisition of KIO Network as one of its strategic partners
for the development of the largest data center in Colombia
(2011), various acquisitions for Suramericana, Protección,
and Enlace Operativo, and the acquisition of the Latin
America assets of ING, considered the biggest deal by a
Latin American company in the region (2011).
In addition, Ignacio Calle Cuartas (B.S. in Production
Engineering from EAFIT University, Masters in Management
from UPB and Masters in Economics and Finance from the
State University of New York) will become Vice President
for Finance and Investments of GRUPO SURA on January 16,
2012. This continues his outstanding career, which includes
his current participation as Founding Partner and President
of financial structuring firm Takticon, and his
responsibilities at Groupe Casino in France as Vice
President of Corporate Development, as well as the Global
Finance Director for the Group's subsidiaries in Asia, the
Indian Ocean, and Latin America.
From 1996 to 2006, Mr. Calle worked with SEGUROS SURA and
afterwards with GRUPO SURA, where he rose to the position
of Manager of Finance and Investment. He has also
participated on the Boards of many important international
companies and has served as an outstanding advisor on
financial, corporate governance, and other issues.
Grupo de Inversiones Suramericana - GRUPO SURA wishes to
express its pleasure with the appointments of these
executives, whose background and experience strengthens the
confidence that the Company and its regional groups have in
the continuing success of the growth and consolidation of
its projects.
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