LIMA, Peru--(BUSINESS WIRE)--Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company” or “Graña y Montero”) announced that the Risks, Compliance and Sustainability Committee of the Graña y Montero Group has a new chairman. As of January 25, Mr. Alfonso de Orbegoso Baraybar assumed this important role. Mr. de Orbegoso is a lawyer from Pontificia Universidad Catolica del Peru and holds a master's degree from Duke University School of Law, as well as specialized courses at the London School of Economics, and at Georgetown University. He has served as a partner of the Ludowieg, Andrade & Asociados law firm, and as Legal and Regulatory Affairs Vice President at Nextel del Peru.
On January 25, the departure of Mr. Rafael Venegas Vidaurre as a member and chairman of the Risks, Compliance and Sustainability, and the appointment of Mr. Alfonso de Orbegoso Baraybar as his replacement, were announced. It is worth mentioning that Mr. de Orbegoso was already part of the aforementioned committee.
The committee, which since its inception has been comprised of independent directors, will continue to guarantee a correct risk assessment for partnerships and future projects of the company. With the departure of Mr. Venegas, strictly for medical reasons and given the burden generated by his multiple functions, the committee will now be formed by Mr. Alfonso de Orbegoso as chairman, as well as by Augusto Baertl Montori, Pedro Pablo Errázuriz and Manuel del Río Jiménez.
The company thanks Mr. Venegas for his commitment and dedication in charge of the chairmanship of the Risks, Compliance and Sustainability Committee throughout these 10 months of persevering work, and wishes Mr. de Orbegoso many successes in his future management.
It is important to highlight that Mr. Venegas will continue to be part of the Board of Directors of the Graña y Montero Group, where he has been having an active participation.