Rassini, S.A.B. de C.V. announced that in its meeting held on February 19, 2015 the Board of Directors approved the proposal made by Mr. Antonio Madero, Executive Chairman of the Board, to appoint Mr. Eugenio Madero as President of Rassini, S.A.B. de C.V., reporting directly to the Executive Chairman of the Board, effective March 16, 2015. Mr. Eugenio Madero, has been with Rassini for more than 20 years and has held different roles within the factories, tech centers and offices located in Mexico and the U.S. Mr. Eugenio Madero's responsibilities spanned areas including operations, commercial and administration in a variety of positions, including Vice President of Financial Planning and Controller, Suspension Division President and his current position as Chairman of the Board and CEO of Rassini North America. The North American division represented 80% of Rassini's consolidated sales for 2014.

Currently, Mr. Eugenio Madero is a member of the Board of Directors of Rassini, and he is part of the Consejo Coordinador Empresarial and Consejo Mexicano para la Filantropia (CEMEFI). He is also a member of the Consejo del Tecnologico de Monterrey (ITESM) Zona D.F. and the Consejo Regional Metropolitano de BANORTE.