Parque Arauco Appoints Eduardo Pérez Marchant as CEO

SANTIAGO, Chile--(BUSINESS WIRE)--Parque Arauco S.A. (PARAUCO.SN) announces that the Board of Directors has appointed Eduardo Pérez Marchant as Chief Executive Officer, effective immediately.

Eduardo Pérez joined Parque Arauco in 2013 as Corporate Head of Finance, then served as Country Manager Colombia prior to assuming his role as the CEO of the International Division (Peru and Colombia) at the beginning of 2019. His previous experience includes management consulting at McKinsey & Company and equity portfolio management at Santander Asset Management.

Eduardo Pérez earned an MBA from the Booth School of Business at the University of Chicago. He received his undergraduate degree in Commercial Engineering from the Pontificia Universidad Católica de Chile, where he also served as a professor of Negotiation Strategies for seven years.

“It is an honor to have been chosen as CEO to lead a team as talented as Parque Arauco’s, managing an organization with such drive for both operative excellence and profitable growth. We will continue our work with the communities where our assets are located, creating spaces that contribute to improving people’s lives,” said Eduardo Pérez.

Currently, Parque Arauco has 1,122,500 m2 of total GLA in Chile, Peru, and Colombia. The company inaugurated its first shopping center in Chile in 1982, entered Peru in 2005 and Colombia in 2008. The company’s assets include 18 regional shopping centers, 10 neighborhood centers, 7 premium outlet malls, 21 strip centers and 9 offices, medical centers, and hotels across Chile, Peru and Colombia. For more details, visit the company’s website: www.parauco.com.