Jaime Gilinski and two foreigners took over the board of directors of Grupo Nutresa

Jaime Gilinski and two foreigners took over the board of directors of Grupo Nutresa
Jaime Gilinski and two foreigners took over the board of directors of Grupo Nutresa

07:47 PM

At the meeting this Wednesday, The Nutresa Board of Directors appointed Jaime Gilinski as its new president.

Besides, They elected Peter Abraam as Vice President, who was recently approved by the General Shareholders’ Meeting to be part of the team, which met at the Medellín Country Club on June 20.

Read also: IHC Arabs’ trusted men join Nutresa board of directors

Abraam has held high-profile positions as CEO and senior executive. Also mentioned as IHC’s Director of Strategy and Growth since 2020; President of Arena, a world-leading events company, and member of the Board of Directors of Hellenic Initiative.

For its part, Jaime Gilinski is a Colombian banker and businessman of Lithuanian descent, now owner and president of the Gilinski Groupone of Colombia’s largest conglomerates. His net worth is $3.7 billion, according to Forbes. And he is the largest shareholder in British bank Metro Bank.

According to the recent shareholding structure, JGDB, Nugil, Gilinski’s Greystone Holdings and IHC Capital Holding, their Arab partners, hold a combined 99.38% stake in the food conglomerate.

You may be interested in: Men of confidence from the Emirati fund IHC will join the board of Nutresa

The Board also defined the composition of the support committees. For example, the The Corporate Governance and Board Affairs Committee includes: Jaime Gilinski, Peter Abraam, Gabriel Gilinki and Ravi Thakran. Likewise, they make up the Strategic Planning and Sustainability Committee.

Also, the The Audit Committee was composed of Peter Abraam, Gabriel Gilinki and Ravi Thakranas well as the Nominations and Remuneration Committee.

Ravi Thakran, As EL COLOMBIANO mentioned a couple of weeks ago, he is the other foreign member recently added to the board and has vast experience.

He has been Chairman of the LVMH Moet Hennessy Louis Vuitton Asia Group, Founder and Partner of Turmeric CapitalBoard Member of Harrods London, Executive Chairman of Wheels Up USA, Director of the Singapore Tourism Board and Trustee of the Global Conservation Corps.

Also read: Jaime Gilinski has the right to sell nuts

The move comes weeks after The company’s management reported that it received intentions from several important international companies interested in acquiring relevant segments.

“In the exercise of the powers and in compliance with the fiduciary duty of the board of directors, The decision was made to proceed with the hiring of external consultants usual for this type of operations, with the purpose of advancing a process that maximizes the value for the shareholders, taking into account the regions and sectors where the company has a presence,” it was reported through the Financial Superintendence, without specifying which of the company’s business lines are in the spotlight of potential buyers, nor who the bidders are.

“The company will inform the market of the progress of this process,” it added, without specifying how long the analysis might take.

Read also: Gilinski and his Arab partners would triple the money they put into Nutresa by separating their businesses and selling everything

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