Mr. José Luis Berrondo Ávalos serves as the Chairman, Chief Executive Officer and President at Controladora Mabe, S.A. de C.V. Since 1993, Mr. Ávalos served as the Chief Executive Officer of Mabe, S.A. de C.V. He was Co-Chief Executive Officer of Mabe, S.A. de C.V. from 1984 to 1993. Mr. Ávalos serves as Chairman of Mabe, S.A. de C.V. He serves as a Director of HSBC, S.A.P.I. de C.V., Sociedad Financiera de Objeto Múltiple,Entidad No Regulada. He has been a Non Executive Director of Crédito Real, S.A.B. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad Regulada since November 2007. Mr. Ávalos holds an M.B.A. from the Instituto Panamericano de Alta Dirección de Empresas, or IPADE.   Mr. José Luis Berrondo Ávalos serves as the Chairman, Chief Executive Officer and President at Controladora Mabe, S.A. de C.V. Since 1993, Mr. Ávalos served as the Chief Executive Officer of Mabe, S.A. de C.V. He was Co-Chief Executive Officer of Mabe, S.A. de C.V. from 1984 to 1993. Mr. Ávalos serves as Chairman of Mabe, S.A. de C.V. He serves as a Director of HSBC, S.A.P.I. de C.V., Sociedad Financiera de Objeto Múltiple,Entidad No Regulada. He has been a Non Executive Director of Crédito Real, S.A.B. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad Regulada since November 2007. Mr. Ávalos holds an M.B.A. from the Instituto Panamericano de Alta Dirección de Empresas, or IPADE.

Finance