Alicorp A : Álvaro Correa will assume the position of CEO of Alicorp
December 27, 2023 at 06:08 pm EST
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Alicorp S.A.A. ("the Company" or "Alicorp") (Lima Stock Exchange: ALICORC1 and ALICORI1) Peru's leading Consumer Goods and B2B company, announced the incorporation of its new Chief Executive Officer as of March 1, 2024.
Alicorp's Board of Directors approved the incorporation of Mr. Álvaro Correa Malachowski as new Chief Executive Officer, effective as of March 1, 2024.
Mr. Correa is an Industrial Engineer from the Pontificia Universidad Católica del Perú and holds a Master in Business Administration from Harvard Business School. Mr. Correa is currently Chairman of the Board of Prima AFP and COSAPI, Board Member of Grupo Efe, Advisory Board Member of Deheza Ltd. and member of CONFIEP Executive Committee. With over 30 years of outstanding professional experience, Mr. Correa has been Deputy CEO of Credicorp until 2021, and previously, CEO of Pacífico Seguros, CEO of Atlantic Security Bank, and CFO of Credicorp and BCP.
Throughout his career, Mr. Correa has developed a business vision that integrates the strategic focus and excellence in execution, together with an investor mindset that distinguishes him as a member and Chairman of important boards of directors. In addition, Mr. Correa has a broad understanding of the needs of a publicly traded company and stands out for his ability to connect with teams, motivate and drive them to achieve results.
This incorporation concludes the succession plan for Alicorp's CEO position, which began in August of this year.
About Alicorp
Alicorp is a leading consumer goods company headquartered in Peru, with operations in other Latin American countries, such as Bolivia, Chile, Ecuador, and exports to more than 25 other countries. The Company focuses on four core businesses: (1) Consumer Products (food, personal and home care products), in Peru, Bolivia, Ecuador, Colombia and other countries, (2) Industrial Food Products (industrial flour, industrial lard, pre-mix and food service products), and (3) Aquaculture (fish and shrimp feeding) and (4) Crushing (soy and sunflower seeds).
Forward-Looking Statements
Certain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Alicorp's expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Alicorp's control that could cause actual results to differ materially from the results discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, Alicorp does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time and it is not possible for management to predict all such factors.
INVESTOR RELATIONS CONTACT
Misael Alvarez Peralta
Corporate Director of Strategy, Portfolio & Investor Relations
Alicorp SAA published this content on 27 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 December 2023 23:06:35 UTC.
Alicorp SAA is a Peru-based company engaged in the food processing industry. The Company operates through four business segments: Massive Consumption, Industrial Products, and Nutrition for Animals, and Others Services. The Companyâs activities include the production, packaging and distribution of a variety of oils, pastas, flour, cookies, sauces, instant soft drink powders, pet food and Omega-3 fatty acid, among others. It is also involved in the manufacture and sale of cosmetics, personal care and cleaning products. The Companyâs products are marketed nationwide, as well as exported to Chile, Bolivia, Colombia, Ecuador, Venezuela, Haiti, Guatemala, Costa Rica, the United States, the Dominican Republic, Nicaragua, Canada, Panama, Mauritius, Curacao, China, the Bahamas, Norway, Japan and Honduras.
ALICORP S.A.A. 
