Daniel Servitje to Take Up the Newly-Created Position of Executive Chair of Grupo Bimbo
April 18, 2024
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Grupo Bimbo has appointed chief operating officer Rafael Pamias as its new CEO. Pamias will start in the new role from 1 May 2024, succeeding Daniel Servitje, who has been Bimbo's CEO since 1997. Servitje will take up the newly-created position of executive chair.
According to a statement from Bimbo, the CEO will directly report to the executive chair "and will be responsible for the running of the company". In his new role of executive chair, Servitje "will focus on strategic decision making, ensuring the alignment of the true long-term view, as well as the interests of the shareholders and board of directors.
Grupo Bimbo SAB de CV is a Mexico-based company engaged in the food processing sector. The Company focuses on the manufacture, distribution and sale of bread, breakfast bread muffins and bagels, frozen bread, cakes and smaller cakes, sweet and non-sweet cookies, tortillas, pita bread, pizza bread, tostadas and tortillas, snacks, salads and candies, among others. Its segments comprise Mexico; North America, including the United States and Canada; Organization Latinamerica (OLA), including Central and South America, and Europe. The Company operates in over 20 countries and has approximately 100 brands. The Company offers over 10,000 products under various brand names, such as Bimbo, Barcel, Sara Lee, Oroweat, Marinela, Arnold, Entenmann's, Ricolino, Dempster' and Thomas'. It operates through Groupe Adghal.