IN THE NEWS NEWS Aurora Grocery Group Announces Leadership Transition By Abasto urora Grocery Group (AGG), an East Coast Hispanic Franky Jorge, the newly appointed Chairman, expressed supermarket chain, has announced the appointment of his gratitude and commitment to AGG’s future. “I am deeply Franky Jorge as the board’s new Chairman. honored to take on the role of Chairman Franky Jorge succeeds his brother, Omar Jorge, who at Aurora Grocery Group. My brother’s served as Chairman for the past 12 years and will continue leadership has laid a strong foundation, Ato serve on the Board of Directors. and I look forward to building upon “After 12 years as the Chairman of Aurora Grocery Group, I’m very his legacy. I’m fully committed to proud to pass the baton to our new Chairman, my brother, Franky leading AGG with the same dedication, Jorge. From the founding of AGG, I told my family members that I integrity, and vision that has guided did not see the position of Chairman as a permanent position but us since our founding. I’ll be working as one that would be passed through di昀昀erent family members so closely with our CEO Julio Ibáñez, and that all of us could bring our energy, talents, and new ideas for the the rest of the Board to ensure that AGG bene昀椀t of all our stores,” said Omar Jorge. continues to 昀氀ourish,” said Jorge. Franky Jorge Aurora Grocery Group Changes in Grupo Bimbo's Leadership By Abasto rupo Bimbo announced that it has restructured and will be responsible for running the company. its executive leadership with the creation of the Grupo Bimbo is eight times larger today than it was Executive Chair position, which will be held by in 1997 when Sertvitje became CEO of the company. Daniel Servitje Montull, previously CEO of the During that 27-year period, they made 93 acquisitions, company. In his place, Rafael Pamias Romero becoming a leading bakery company, the largest in Gtook over as CEO on May 1, 2024. the world, with 227 bakeries and more than 151,000 吀栀e Executive Chair will focus on strategic decision- employees in the 35 countries in which they operate. making, ensuring the alignment of the true long-term Rafael Pamias, who currently holds the COO and view and the interests of the shareholders and Board CSO positions, has more than 35 years of experience Daniel Servitje of Directors. in business strategy and marketing in multinational Montull 吀栀e new Executive Chair position will be held by companies such as Henkel and Danone. Daniel Servitje Montull. “I’m honored to have been assigned this great “Having just turned 65 years old and after 43 years of responsibility. I deeply thank the trust placed in me working full-time, I want to take a step forward and have by the Board, shareholders, and, of course, by Daniel. made the decision to pass the CEO baton and become You can be sure that I am deeply committed and that I Executive Chair. On top of being the Chairman of the will work to continue with the success and sustainable Board, I will continue highly involved in all aspects of the growth that Grupo Bimbo has achieved for nearly 80 strategy and execution of the company,” said Servitje. years”, said Pamias. 吀栀e CEO will report directly to the Executive Chair Rafael Pamias Romero 2020 JJUULLYY//AAUUGGUUSST 2T 200224 4 AABBAASSTOTO..CCOOMM