Grupo Kuo says its Finance and Administration Direction led by Marisol Vázquez-Mellado Mollón and the Planning and Control Direction, headed by Jorge Padilla Ezeta, will merge to create the new Finance and Planning Direction, run by Jorge Padilla Ezeta.

Ezeta rejoined Kuo during the first quarter of 2016 to resume a career previously developed within the Group across several positions in the financial area.

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He has held several management positions with companies such as General Electric, A & M and CIE.

“I want to express my gratitude to Marisol for [her] dedication and years of hard work at Grupo KUO, wishing her success in her new endeavours,” said Grupo Kuo CEO, Alejandro de la Barreda.

“I am confident the skills and profile of the new CFO, an executive with experience in recognised organisations, will contribute to successfully consolidate the functions of two important areas, as we move forward to implement our business plan.”

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Grupo Kuo is an industrial conglomerate in Mexico, with annual sales amounting more than US$1.8bn as of 31 December, 2015, exporting to around 70 countries and employing 18,000 staff.

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Its current business portfolio includes six Business Units: Synthetic Rubber, Herdez Del Fuerte (brand processed foods), Polystyrene, Pork Meat, Aftermarket and Transmissions.