SANTIAGO, Chile, Sept. 5 /PRNewswire-FirstCall/ -- MASISA S.A. ("Masisa" or "the Company") announced today that Eugenio Arteaga Infante will become its new Chief Financial Officer, replacing Alejandro Droste Bertolo.
Eugenio Arteaga Infante will officially assume the position at Masisa on September 25, 2006.
Between 1998 and 2002, Mr. Arteaga held the position of Chief Financial Officer of Emel S.A., a subsidiary of Pennsylvania Power & Light (PP&L) Corporation, and later became the Chief Financial Director (CFO) of PP&L Global for Latin America, with responsibility for the areas of Accounting, Comptrolling, Taxes, Management Control and Finances for PP&L's assets in the region.
In addition, Mr. Arteaga held the position of Treasurer of PP&L Global in Latin America. In this position, he led and coordinated all efforts related to regional finance and investment, investor and shareholder relations, cash and liquidity management, risk administration and control, and capital structure and insurance, among others.
Mr. Arteaga, who holds an MBA from the Pontificia Universidad Catolica de Chile, is a well-regarded executive with a solid and successful professional background. With ample experience in the finance sector working with large companies, he will be a valuable addition to Masisa.
Before entering Emel Holding S.A., Mr. Arteaga worked from 1988 to 1998 at Citibank N.A Chile, in the Corporate Banking area as an Account Officer specializing in large companies. He was soon promoted to the position of Senior Accounts Officer and Unit Head of the Energy sector.
Masisa's current Corporate CFO, Alejandro Droste Bertolo, leaves Masisa S.A. and his current position on September 8, 2006, based on mutual agreement.
Forward-Looking Information
This news release may contain forward-looking statements. Forward-looking statements are statements other than statements of historical facts or current condition, and include, without limitation, management's current view and estimates of future circumstances. Some forward-looking statements may be identified by our use of the terms "may," "will" and similar expressions. Statements regarding the expiration of the rights offering and expected use of proceeds of the offerings 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 the actual results of Masisa and the planned actions of the company to differ materially from current expectations.
For further information contact:
Investor Relations
Masisa S.A.
(56 2) 350 6038
