Mexico City, January 19, 2021 - Orbia Advance Corporation S.A.B. de C.V. (BMV: ORBIA*) (“Orbia” or “the Company”).
By mutual agreement of the Orbia Board of Directors and Mr. Daniel Martínez-Valle, the latter has resigned as Chief Executive Officer (CEO) of the Company, effective February 1, 2021 (the “Effective Date”).
After approval from the board of directors, Orbia has appointed Mr. Sameer S. Bharadwaj as its new CEO.
As of the Effective Date, Mr. Martínez-Valle will be stepping down as CEO to pursue other endeavors, after having contributed significantly to Orbia’s strategic positioning and solid financial performance during the last three years, for which the chairman and the full board of directors expressed their gratitude.
Mr. Martínez-Valle and his successor, Mr. Bharadwaj, will work closely through the end of January to ensure an orderly and effective transition process.
Sameer S. Bharadwaj, age 50, joined Orbia in 2016 and has been President of Orbia’s Fluorinated Solutions and Polymer Solutions business groups until now. He has a deep understanding and knowledge of Orbia and has participated actively in the Company’s growth. His broad-based experience and strong leadership will be key to continuing the expansion and success of Orbia.
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