GUADALAJARA, Mexico--(BUSINESS WIRE)--Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) (BMV:GAP) (“the Company” or “GAP”) announced that its Chief Executive Officer, notified the Company of his desire to retire from GAP in order to continue other activities in his home country, after a valuable trajectory spanning over 7 years. GAP appreciates his dedication, professionalism, talent and service during these past years.
Mr. Raul Revuelta Musalem will assume the position of Chief Executive Officer, effective April 26, 2018, bringing over 18 years of infrastructure sector experience. He fulfills all the necessary requirements in order to assume this position. Mr. Raul Revuelta worked at GAP for over 10 years, as Chief Financial Officer and Chief Commercial Officer, between 2005 and 2015. Currently, Mr. Revuelta is the Chief Executive Officer of the Cross Border Xpress. Raul was Financial Vice President at the Mexican Ministry of Communications and Transportation for six years, where he participated in several privatization processes in the sector and has extensive experience in federal concessions. He has a degree in economics from the Instituto Tecnológico de Estudios Superiores de Monterrey.
We expect an orderly transition, as GAP has a management team characterized by leadership and solid experience, positioning and driving us to continue being one of the leading airport management companies, offering quality service and client focus. Both the outgoing as well as incoming management will work together during this transition period.
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015 GAP acquired 100% of Desarrollo de Concesiones Aeroportuarias, S.L., which owns a majority stake of MBJ Airports Limited, a company operating the Sangster International Airport in Montego Bay, Jamaica.
This press release may contain forward-looking statements. These statements are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words “anticipates,” “believes,” “estimates,” “expects,” “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial conditions, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that may involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party that is in charge of collecting these complaints, is 01-800-563-0047. The web site is http://www.lineadedenuncia.com/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation.
For more information please visit www.aeropuertosgap.com.mx.