CULIACAN, Mexico, Dec. 2 /PRNewswire-FirstCall/ -- Desarrolladora Homex, S.A.B de C.V. ("Homex" or "the Company") (NYSE: HXM; BMV: HOMEX) announced today that the Governance and Compensation Committee of Homex's Board of Directors, after assessing qualified candidates involved in the Company's succession program, has appointed Mr. Carlos Moctezuma Velasco as Chief Financial Officer.
Mr. Moctezuma has nearly five years experience at Homex, starting prior to Homex Initial Public Offering in 2004, and has served as Investor Relations Officer since then. More recently, in 2007, Mr. Moctezuma was appointed to the additional post of Director of Strategic Planning, involved in market research and the selection of new attractive markets as well as financial planning.
Carlos Moctezuma replaces Alan Castellanos effective December 3, 2008, who has decided to pursue other professional opportunities.
"Carlos Moctezuma is a proven financial executive who has worked closely with the Company's Board members and management team," said Gerardo de Nicolas, Chief Executive Officer of Homex. "He is ideally-suited to contribute to Homex's long-term strategic planning and growth, while maintaining the integrity of our financial position and policies. We are pleased to have him as our new Chief Financial Officer."
Likewise, the Company announced the appointment of Mr. Hector Cuen Lopez as Treasurer of Homex, effective on this date. Mr. Cuen is well experienced in debt and capital markets and other areas of investment and treasury operations. Before coming to Homex, Mr. Cuen acted as financial officer in Agricola Batiz and other private businesses.
About Homex
Desarrolladora Homex, S.A.B. de C.V. is a leading, vertically integrated home-development company focused on affordable entry-level and middle-income housing in Mexico. It is one of the most geographically diverse homebuilders in the country. Homex has a leading position in the top four markets in the country, is the largest homebuilder in Mexico, based on the number of homes sold, accumulated revenues and net income, and the only company in the sector with its shares fully listed on the New York Stock Exchange.
For additional corporate information please visit the Company's web site at: http://www.homex.com.mx/
