Peruvian private investment agency ProInversión has named a new executive director, Carlos Herrera Perret, who will replace Javier Illescas Mucha. By surprise, Javier Illescas submitted his resignation from the position he held since 2012.

A resolution of the Ministry of Economy and Finance (MEF), said:

"Mr. Javier Hernando Illescas Mucha has resigned from his position, so it is appropriate to accept his resignation and a new professional will be selected as Executive Director of Proinversión."

Carlos Herrera Perret, the new Executive Director, has been serving during the last years as the Director of Investor Services at Proinversion.

He has a degree in Economics from the University San Martin de Porres, and has extensive experience in the areas of foreign investment and the development of strategies to promote investment.

Mr. Perret was a MEF official between 1973 and 2002, serving as Secretary General of the National Commission of Foreign Investment and Technology - CONITE between 1991 and 2002.

Mr. Perret has expertise in international negotiations, serving as team leader in investment agreements negotiated with the United States, Canada, Mexico, Japan, Korea and in the Trans-Pacific Partnership.

Proinversion is the government body that is responsible for financially structuring the projects, finding investors and awarding the concessions in Peru.

In the past 10 years to date, projects worth over U.S. $18,000 million have been awarded in Peru. So far this year, eight projects have been awarded for a committed total investment of nearly U.S. $12,000 million.