Latin Trade Group has named Raul Cavazos Morales, Corporate Director of Finance and Strategic Planning at Gruma, the recipient of the CFO award for the year 2015. The executive received the honor during the Latin Trade CFO Monterrey forum, held Thursday, September 3, at the hotel Safi Valle.
Under the financial guidance of Cavazos Morales, Grupo Maseca (Gruma) has maintained its position as a top-performing stock on the Mexican Stock Exchange (BMV) for three years in a row. The strategy of the Monterrey native CFO has substantially driven Gruma’s profitability while greatly reducing its debt: the debt-to-EBITDA ratio dropped from 2.6 in 2013 to 1.4 in 2014.
“This is such a gratifying experience as it represents the culmination of all of the effort we have been putting forward. I accept this award on behalf of so many individuals. The credit goes to our President and CEO Juan Gonzalez Moreno and to my team, everyone in the company, because all of us at Gruma are on board in assuring that our objectives are accomplished,” said Cavazos during the award ceremony.
Latin Trade recognized the role that Cavazos Morales has played in Gruma’s consolidation during the past few years, during which the multinational has also sold stock and issued bonds in order to optimize the company’s finances.
The 55-year old Cavazos Morales, who became Gruma’s finance director at the end of 2012, has put in a solid 28 years with the company in such positions …
Subscribe to latin trade magazine
Click here to begin a subscription for Latin Trade magazine, available both in print and online.
Subscribe to lt.com
Click here to begin an online subscription to LT.com, with its extensive ranking, indices, and market intelligence on Latin America.
Subscribe to free Newsletter
Subscribe here to our free newsletter – getting the latest business headlines from Latin America in your inbox every day.
For the second straight year, the general improvement in the conditions for setting up a …
A conversation with Ruth Shady, the discoverer of the city that caused America’s past to be …