Slim appoints new CEO for FCC Group

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Slim appoints new CEO for FCC Group

The Board of Directors of FCC Group has appointed Mr. Carlos M. Jarque as Chief Executive/CEO of the group.

In her capacity as Chairwoman of the Board of Directors, Esther Alcocer Koplowitz expressed her agreement with this appointment, reiterating that the new CEO has "the backing and loyalty of the entire Board and of all at FCC".

She also stressed that Jarque's experience and leadership will ensure FCC resumes the path towards growth.

Jarque has been appointed by Carlos Slim after acquiring a 26% in the shareholding of the group.

In the FCC Board of Directors meeting, Jarque noted the challenges and opportunities the company currently faces. "Alongside the Board, the rehabilitation of FCC and its shares will continue in order to reinforce the company both financially and operationally", he said. Jarque wished the former Chief Executive, Juan Béjar, the best of success in his future endeavours.

Jarque has completed studies in Actuarial Science, Finance, Economy and Urban and Regional Planning. He studied for a Bachelor's Degree in Anahuac University in Mexico and completed postgraduate degrees in the London School of Economics, the University of Oslo, the National University of Australia, and Harvard University.

In a professional context he has been the manager of Economic Telecommunications Studies in Mexico, defining economic and financial premises and supporting the company's planning and decision-making. He was the Chairman of the Inter-sectoral Commission for Information and Monitoring of Public Finance in Mexico which controls and reduces tax deficit. He also worked in the role of President of the National Institute of Statistics, Geography and Informatics (INEGI). He was Secretary of Mexico's National Development Plan between 1995 and 2000, which was established by the Government Program by President Ernesto Zedillo. He also assumed the position of Minister of Social Development, directing an extensive range of social programs and housing initiatives, urban and regional and territorial development, managing areas of State and Municipal financial assistance.

He managed the Sustainable Development Division of the Inter-American Development Bank (IDB). In this position he was responsible for managing the drafting of development policies and sectoral strategies of the IDB and of the technical support for infrastructure projects. We was also Secretary of the body, responsible for institutional governance processes and the relationship with the Governing Body (Finance, Economy and Development Ministers from 48 member countries of the IDB, including Spain) for the passing of all IDB's operations, the capital increase of the Bank, its restructuring programme, and the debt relief programme.

He was representative of the IDB in Europe, driving, among other tasks, investment and mobilisation of resources between Europe and Latin America, mainly with issues concerning water, energy, infrastructure, urban development, transport and sustainable cities. He established the Permanent Secretariat of Business Summits between the European Union-Latin America and moved the Office of the IDB for Europe, from Paris to a new headquarters in Madrid, which was inaugurated by President Rajoy.

Since 2013 he has been the Executive director of Corporate, Government and International Relations in América Móvil, supporting interaction with the Governments and CEOs of countries within diverse fields. América Móvil is the biggest private company in Latin America. It operates within the telecommunications sector of 17 Latin American countries, as well as in the United States and 10 European countries.

He has been a member of Board of Directors for Financial Institutions, and worked in companies in the Construction sector, Mining sector, Real Estate Sector and the sector for Citizen Services.

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