Empresas ICA, announced that its Board of Directors named Guadalupe Phillips Margain as Chief Executive Officer, who will report directly to the Board headed by its Chairman, Bernardo Quintana Isaac.

The company continues its focus on its restructuring process and the new administration will continue to prioritize the successful conclusion of the company’s financial restructure. During the restructuring process, the company has consolidated its two major business divisions, construction and concessions, under two administrations that report directly to the CEO.

ICA further announced that using its power pursuant to the Mexican Securities Market Law, the Board has provisionally named Rodrigo Quintana Kawage to the Board as a patrimonial member, in replacement of Luis Zarate Rocha. Rodrigo is the company’s General Counsel and was the Secretary to the Board. Bernardo Casas Godoy has now been named Secretary to the Board. Bernardo, a Universidad Panamericana law graduate, has been with the company for 26 years.

ICA’s Chairman of the Board, Bernardo Quintana Isaac, stated:

“Lupe has surpassed the Board’s expectations in her quick ramp up and command of the company’s business in her performance as Chief Restructuring Officer, and we are happy to have her now transition into the role of CEO.”