Corporate Governance
Investors Contact
accionistas@acerosarequipa.comCodes and Policies
With this Code of Ethics, we seek to strengthen relationship with our business partners, suppliers, and contractors in order to grow together based on comprehensive and responsible value chain management.
To make it, we have established conduct and values guidelines, as well as responsible business practices that we expect our suppliers and contractors to ensure for their businesses development and relationships with other companies or institutions.
Also, we require that our suppliers and contractors extend this code or similar ethics and conduct standards to their own supply chain and comply not only with us, but in all their business relationships.
The Investment Policy defines the alignment to manage the investment projects portfolio of the firm, detailing each of the steps and the controls required to achieve successful projects aligned to the firm strategy.
The Inventory Policy is focused on the stock management and control considering the following areas:
1) Operating Control
2) Financial Control
The Purchase of goods and services policy defines the criteria and action frame for the purchase of goods and services locally and abroad, standardizes the principles and concepts related with purchases, and makes explicit the commitment with the suppliers.
Purchase of goods and services should be agile, timely, efficient and with clear rules that ensure competitiveness, while respecting the ethics, transparency, impartiality, responsibility, equality and economic criteria.
The Fixed Assets Policy defines the criteria for an adequate control in order to ensure integrity, existence, property and appraisal of fixed assets.
This document details each of the steps and the required controls, based on IFRS, with the purpose of being a referential regulatory framework for the recognition of the initial and final costs in the Financial Statements.
Through this Policy, Aceros Arequipa Corporation formalizes its internal control and integral risk management system, supported by guidelines, tools and methodologies that generate reasonable security for the Board of Directors and Senior Management in meeting corporate objectives and in prioritizing and mitigating risks to which the company is exposed, allowing it to operate according to its risk appetite.
We identify and manage strategic risk, operational and financial, information and reporting, and compliance and ethics. We evaluate the impact, its levels of criticality and we additionally apply the analysis of simulations and stress tests to some risks, aligned with our risk appetite and tolerance.
Risk management is supported and monitored annually by the Strategic Management Control Department, prioritizing the supervision of critical risks, that is, with High and Considerable levels of criticality. And in line with its independent role, it reports compliance with risk management to Senior Management and the Board of Directors.
On the other hand, risk management is audited by the Internal Audit Management every two years, reporting the results of the evaluation directly to the Audit and Risk Committee (ARC), a body made up of members of the Board of Directors.
Human management Policy aims to attract and develop professional talent within the firm, based on respectful and fair relations that promote favorable working environment for an integral growth of the personnel, with the goal of having qualified and committed employees that are aligned with the corporate strategy.
Credits and Payments Policy regulates credit sales based on the credit risk strategy and the client’s goodwill towards the firm, to contribute with the firm’s revenue growth
Occupational Safety and Health Policy has the following criteria:
1. Employees are the firm’s most important Asset.
2. All accidents and illnesses can and must be avoided.
3. Safety and health are responsibility of Senior Management, and is primary above production, productivity and costs.
4. All management levels are responsible for the occupational safety and health performance.
5. The commitment and education of employees in health and safety topics are crucial for the organization.
6. Safety is an essential condition during work, and safety and health should be integrated in all the process and areas of the firm and the decision making process.
7. Excellence in safety and health contributes to excellency in corporate results.
The goal of Corporate Information Policy is define the criteria for the identification, classification and management of the information created in the diverse business processes, and the disclosure of information to shareholders, investors, relevant third parties and market, aiming to guarantee that the information is upright, timely, adequate and truthful.
This policy sets out the guidelines under which Aceros América Colombia must execute the efficient self-management and control of risks associated with Money Laundering (ML), Financing of Terrorism (FT), Financing of the Proliferation of Weapons of Mass Destruction (FPAMD), Transnational Bribery and Corruption, as well as their source crimes, establishing a management style that guarantees excellence, integrity, transparency, that complies with the legal basis and with good corporate governance and sustainability practices.
Shareholders Meeting
Stock Representatives
Our Organization
Note: Shareholders with a participation greater than 4% are detailed.
| Name | Nationality | Identification Document | Start Date | % Participation | Series |
|---|---|---|---|---|---|
| Baertl Montori, Jose Antonio | Perú | DNI - 07896899 | 24/02/2026 | 5.28 | Common |
| Cilloniz Champin, Renee | Perú | DNI - 07274993 | 03/03/2025 | 16.02 | Common |
| Cilloniz Rey, Andrea | Perú | DNI - 40111259 | 20/12/2018 | 8.50 | Common |
| Cilloniz Rey, Ricardo | Perú | DNI - 10318263 | 20/12/2018 | 8.53 | Common |
| Olesa Investment Corp. | Bahamas | 20/12/2018 | 10.96 | Common | |
| Servicios De Asesoría S.A. | Perú | RUC - 20454531036 | 20/12/2018 | 5.47 | Common |
| Grenview Investment Inc. | Panama | 27/02/2026 | 5.59 | Common |
Information updated at the end of February 2025
- MR. RICARDO CILLONIZ CHAMPIN
- MR. FERNANDO ENRIQUE CARBAJAL FERRAND
- MR. JORGE GUILLERMO VON WEDEMEYER KNIGGE
- MR. PEDRO BLAY HIDALGO
- MR. RICARDO BUSTAMANTE CILLÓNIZ
- MRS. RENEE CILLÓNIZ CHAMPIN
- MR. MANUEL MONTORI BURBANK
- MR. ENRIQUE OLAZABAL BRACESCO
- MR. PABLO JOSE PESCHIERA ALFARO
- MRS. GISELLE FERRAND RUBINI
- MR. JORDAN ALDO PONCE GAMBIRAZIO
- MR. ANDREAS WOLFGANG VON WEDEMEYER KNIGGE
MR. RICARDO CILLONIZ CHAMPIN
Chairman of the Executive Board
Executive Director
- Gender: Male
- Date of birth: 17/10/1949
A civil engineer by profession, he holds a master's degree in Business Administration from Michigan State University. He has been Managing Director of Corporación Aceros Arequipa S.A. since March 1988 and assumed the position of Executive President on January 1, 2007. He is a director of several companies, including Compañía Eléctrica el Platanal S.A. (Celepsa). He was a director of Rímac Seguros y Reaseguros from 1979 to 2023.
MR. FERNANDO ENRIQUE CARBAJAL FERRAND
Vice President
Business administrator by profession, with additional education in Marketing at Kellogg, Six Sigma accreditation, and the PAD Good Corporate Governance program. He served as Latin America manager for the US companies STP Corporation and First Brands Corporation, andwas vice president for Latin America at Honeywell International. He is currently president of Plásticos Nacionales S.A. and director of Negocios Mancoche S.A. He has been a member of the Board of Directors of Corporación Aceros Arequipa since March 13, 1998.
MR. JORGE GUILLERMO VON WEDEMEYER KNIGGE
Non-executive Director
- Gender: Male
- Date of birth: 28/11/1951
Business administrator, graduated from the University of Hamburg, Germany. He has extensive experience in banking, having worked at Commerzbank in Frankfurt, Germany, as business manager for Central and North America, as well as at Banco de Crédito del Perú. For 13 years, he served as representative of Dresdner Bank Lateinamerika (formerly Deutsch-Südamerikanische Bank) and Dresdner Bank AG in Peru. He is director of Euromotors S.A., International Camiones del Peru S.A., Euro Camiones S.A., Euroinmuebles S.A.C., and Altos Andes S.A.C., as well as the various companies that make up Corporacion Cervesur S.A.A.: Creditex SAA, Transaltisa SA, Alimentos Procesados SA (Alprosa), and Procesos Agroindustriales SA (Proagro). Previously, he served as Interim General Manager of Lima Airport Partners (concession operator of Jorge Chávez International Airport). He was a director of Lima Airport Partners, director and president of the Lima Chamber of Commerce, and has been president of the Peruvian-German Chamber of Commerce for several years. He has been a member of the Board of Directors of Corporación Aceros Arequipa since April 26, 2022.
MR. PEDRO BLAY HIDALGO
Non-executive Director
- Gender: Male
- Date of birth: 15/11/1971
He holds a degree in Industrial Engineering from the Pontifical Catholic University of Peru, an MBA from Cornell University, and a Master's degree in International Business from Thunderbird School of Global Management. He serves as director of Inmobiliaria Comercial del Acero Argentina S.A. and Inmobiliaria Comercial del Acero Cajamarquilla S.A. He has been a member of the Board of Directors of Corporación Aceros Arequipa since March 28, 2016, having worked at CAASA in the commercial department since 1997, most recently as Export Manager until March 2016. He also served as director at Comercial del Acero SA, Comfer SA, and the Peruvian Chamber of Construction (CAPECO).
MR. RICARDO BUSTAMANTE CILLÓNIZ
Non-executive Director
- Gender: Male
- Date of birth: 14/10/1969
An agricultural engineer by profession, he studied at California Polytechnic State University and completed the PAD program at the University of Piura. Founder and director of Fundo San Fernando S.A. and Agrícola la Joya S.A.C., member of the Board of Directors of Corporación Aceros Arequipa S.A. since December 22, 2011, and directorof Rethink Peru S.A.C. since April 2019.
MRS. RENEE CILLÓNIZ CHAMPIN
Non-executive Director
- Gender: Female
- Date of birth: 06/12/1946
With a background in commerce, she has more than 17 years of experience in the steel products market. She is the general manager of Renemar S.A., a director at Tradi S.A., and a member of the Board of Directors of Corporación Aceros Arequipa S.A. since July 22, 2005
MR. MANUEL MONTORI BURBANK
Non-Executive Independent Director
- Gender: Male
- Date of birth: 01/09/1964
Lawyer graduated from the University of Lima and MBA from Harvard Business School. He is currently vice president of the Board of Directors and general manager of Altozano Desarrollo y Construcción. He has been chairman of the Board of Directors of Citileasing Peru and a member of the boards of Citibank Peru, ICBC Peru, Compañía Minera Poderosa, Calcios del Sur, and Cipensa Explosivos, among others. He has held executive positions at Chase Manhattan Bank, including Vice President of Investment Banking in New York and Mexico. He was also Executive Director of Citibank for Corporate Banking in Peru and Manager of the Citibank School of Banking in the State of Florida, USA. He has been a member of the Board of Directors of Corporación Aceros Arequipa since March 23, 2017.
MR. ENRIQUE OLAZABAL BRACESCO
Non-executive Director
- Gender: Male
- Date of birth: 21/09/1942
A lawyer by profession, he graduated from the Pontifical Catholic University of Peru. He has experience in providing legal advice to prestigious national and international companies. For many years, he was a member of the Romero Abogados law firm, where he became one of the four main partners. He has personally advised important national and foreign clients, including Banco de Crédito del Perú, Compañía de Seguros Rímac, BASF Perú, Marriot Perú, TEXACO, Compañía Minera Atacocha, Milne, Transcosta, Occidental Petroleum, GSI, Johnson & Johnson, Industrias Químicas Básicas, Braniff, Eastern, Clínica Angloamericana, Eternit, among others. He also has experience in handling arbitration proceedings. He has been a member of the Board of Directors of Corporación Aceros Arequipa since March 13, 1998.
MR. PABLO JOSE PESCHIERA ALFARO
Non-executive Director
- Gender: Male
- Date of birth: 28/03/1960
He holds a B.S. in Mechanical Engineering from the University of California, Berkeley, and an MBA from Stanford University. He is a consultant and director of companies, as well as an entrepreneur and investor. He has been and is a director of various companies in the industrial, construction, commerce, services, agricultural, agro-industrial, and real estate sectors. He has been chairman of the board of Redondos S.A. and director of COSAPI S.A. He is chairman of the board of Consorcio Industrial de Arequipa S.A., Ubicua Offices Perú S.A., Define Consultoría S.A., Define Servicios S.A.C., among other companies. He is a director of Redondos S.A., Tradi S.A., San Felipe S.A., Inmobiliaria Los Granados S.A., etc. He is a member of the investment committees of the HMC Capital High Yield Peru F2 Fund, the HMC Andean Private Debt Fund, and the HMC Capital High Yield Peru F3 Fund. He has been a member of the Board of Directors of Corporación Aceros Arequipa since February 28, 2008.
MRS. GISELLE FERRAND RUBINI
Non-Executive Independent Director
- Gender: Female
- Date of birth: 18/02/1967
She graduated with honors in Business Administration from the Universidad del Pacífico, receiving the "Robert Maes" awards. She holds the following certifications: "Program for Company Directors XVIII" (PBS/EY), "The Fundamentals of Corporate Governance," "Financial Keys for Directors," "Strategy, Transformation, and Innovation from the Boardroom," "Global Trends in Business Strategies Board Program" (McDonough School of Business – Georgetown University/PBS/EY), "Circular Economy: Transition to Sustainability for the Future" (MIT Professional Education), "Specialization in Economic and Financial Project Evaluation" (Centrum-PUCP), and "Digital Transformation Playbook: Leverage Technology to Innovate Your Business" (Stanford University – Graduate School of Business). She is a member of Women Corporate Directors. She taught Financial Mathematics at the Universidad del Pacífico. She began her career at Atlantic Security Bank and Deter Perú S.A. (Procter & Gamble). She later developed business ventures in the agricultural, commercial, baking, and restaurant sectors. In addition to her position as director at Corporación Aceros Arequipa S.A., which she has held since April 25, 2019, she has served as manager and member of the board of directors of other unlisted companies
MR. JORDAN ALDO PONCE GAMBIRAZIO
Non-executive Director
- Gender: Male
- Date of birth: 28/11/1971
Lawyer from the Pontificia Universidad Católica del Perú. He is a senior partner at Estudio Ponce Canessa Abogados, with experience in providing legal advice to companies. He is a member of the Executive Committee of Grupo Euromotors and director of various companies such as San Bartolomé S.A., Minera Colquisiri S.A., Freno S.A., Vari S.A.C., Agrícola Chapi S.A., Sum Vehículos S.A., Comercio, Servicios e Inversiones S.A.C., Japan Autos S.A., Domingo Inmobiliaria PI S.A.C., and Orué 230 S.A.C., among others. Current secretary of the Board of Directors of the Automotive Association of Peru. He has been a member of the Board of Directors of Corporación Aceros Arequipa since April 26, 2022.
MR. ANDREAS WOLFGANG VON WEDEMEYER KNIGGE
Non-executive Director
- Gender: Male
- Date of birth: 05/01/1954
He holds a degree in Business Administration from the University of Hamburg, Germany, and a Master Brewer's degree from Ulm, Germany. He has completed the Program for Management Development at Harvard Business School and the PAD at the University of Piura. He currently holds the position of Executive President andGeneral Manager of Corporación Cervesur S.A.A. He has also chaired the boards of directors of the group's main companies, such as Alprosa, Creditex, Proagro, Servicios de Asesoría S.A., Texgroup, Transaltisa, Futuro Inmobiliario Camacho S.A., Futuro Invest S.A., Servicios Aéreos AQP S.A., among others. He is also Chairman of the Board of Ferreycorp S.A.A., Ferreyros S.A., Euromotors, Altos Andes, Euro Camiones, Euroinmuebles, International Camiones del Perú S.A., Inversiones Sabancaya S.A.C.and Renting, and Director of CFI Holdings S.A. He is also a director of Comex-Perú and former president and director of the National Society of Industries. He has been Chairman of the Board of Alianza, Compañía de Seguros y Reaseguros and Alianza Vida, Seguros y Reaseguros (Bolivia), La Positiva, Seguros y Reaseguros, La Positiva Vida,Seguros y Reaseguros, La Positiva Entidad Prestadora de Salud-EPS and Profuturo AFP. He chaired the Arequipa Chamber of Commerce and Industry and the AFP Association, and served as pro-tempore president of the Pacific Alliance Business Council. He was also director of Banco del Sur, as well as director and general manager of Cía. Cervecera del Sur del Perú. He has been a member of the Executive Committee of the National Society of Industries and Comex Peru and was part of the Board of Directors of Tecsup and the Peruvian-German Chamber of Commerce and Industry. He has been a member of the Board of Directors of Corporación Aceros Arequipa since March 24, 2010.
Audit and Risk Committee
(Board Committee)
The purpose of this Committee is to assist the Board of Directors of Corporación Aceros Arequipa S.A. in compliance with its oversight responsibilities for the process of issuing Financial Statements, the internal control system, the audit process, and the process of Corporación Aceros Arequipa S.A. and its subsidiaries to monitor compliance with laws and regulations, internal regulations, corporate policies, the Code of Ethics and the Code Against Acts of Fraud and Corruption.
The Committee has specialists in accounting, financial, auditing, compliance, corporate governance and risk management issues, and has the authority to conduct or authorize investigations and internal or external audits of any matter within its scope of responsibility. This Committee is composed of four (04) members of the Board of Directors:
- Andreas von Wedemeyer Knigge
- Manuel Montori Burbank
- Ricardo Bustamante Cilloniz
- Pedro Blay Hidalgo
The Internal Audit Manager acts as secretary of the Committee. The General Manager or another manager that the Committee considers should participate, attend the Committee with voice but no vote. The Chairman of the Board Directors may participate in the Committee at his discretion.
The Committee has an annual continuous training program in order to maintain sufficient knowledge of the company, as well as its corporate governance rules. The annual continuous training program focuses on the following areas: (i) knowledge of the entities that make up the business group; (ii) knowledge of regulatory developments that may affect the activity of the company or the work of the Audit and Risk Committee, (iii) technical knowledge in accounting and financial matters, and; (iv) knowledge of comprehensive risk management practices and internal control models.
In order to maintain and strengthen the internal control system of the Company and guide the ethical behavior of employees towards the achievement of business objectives, the Audit and Risk Committee promotes, with the General Management, the definition, implementation , updating and compliance with business management guidelines included in the Corporate Policies and Codes; these guidelines define criteria and establish a framework for action that guides the business management of all employees in ethical and specific aspects of operations; and. once approved by the Board of Directors, they become non-negotiable behavior guidelines and mandatory compliance.
Appointments, Remuneration and Human Resources Committee
(Board Committee)
The main purpose of the Appointments, Remuneration and Human Resources Committee is to ensure that the human management in the executive level of the Company aligns with corporate guidelines and modern practices in Human Development. Additionally, it is responsible for maintaining a compensation system within the organization. The committee holds meetings at least four times per year and is composed of four (4) members of the Board:
- Mr. Fernando Carbajal Ferrand, as the Chairman of the Committee.
- Mrs. Giselle Ferrand Rubini, member.
- Mr. Enrique Olazábal Bracesco, member.
- Mr. Jordan Ponce Gambirazio, member.
The Executive Chairman, the CEO, and the Human Resources Manager attend the committee meetings with voice but without voting rights. The Human Resources Manager also serves as the Technical Secretary of the Committee.
The Appointments, Remuneration, and Human Resources Committee has been promoting the performance of managerial levels by setting and monitoring objectives and goals for each functional area. It also periodically reviews the salary and organizational structure, adapting them to the ongoing changes within the company.
Ethics Committee
The Committee is an advisory body about the concerns of employees or third parties regarding events or circumstances that may affect business ethics.
The main functions of the Ethics Committee are:
- Supervise compliance with the Code of Ethics.
- Present periodic management reports to the General Management and the Audit and Risk Committee of the Board of Directors, including all the cases that the Ethics Committee reviewed and the actions taken regarding the results.
- Serve as a consultative body regarding concerns of collaborators or third parties regarding events or circumstances that may affect business ethics.
- Analyze and settle disputes regarding eventual conflicts of interest reported by employees to the company in compliance with the provisions of the code of ethics.
- Analyze each of the complaints that are formulated through the Aceros Arequipa Ethics Line or other means, considering the Protocol for Follow-up and Response to Ethical Complaints that has been defined in CAASA.
- Suggest specialized research to the General Management on identified complex cases.
- Present results of internal or external investigations to the General Management, with the knowledge of the Human Resources Management, so that, based on the facts identified in the investigations, the corresponding disciplinary actions are taken, in accordance with the Internal Work Regulations. and current legal regulations.
- Call the property security area to review the summary of events registered monthly in the company and the actions implemented.
- Monitor compliance with the permanent communication and internalization strategy of the Code of Ethics and Code against acts of fraud and corruption.
The Committee has two types of meetings:
- Ordinary meetings, bimonthly
- Extraordinary Meetings, depending on the relevance of the issues to be reviewed
The Committee is composed of five (5) members of management:
- Strategic Management Control Manager, and Prevention Manager, as president of the committee.
- Internal Audit Manager, as secretary
- Administration and Finance Manager, member
- Human Resources Manager, member
- Legal Affairs Manager, member
The General Manager can participate in the meetings called by the Committee, and will have the casting vote when there is no majority in the decisions of the committee. The Internal Audit Manager participates with voice, but no vote.
In case ethical situations that involve management members, or members of the Ethics Committee, these cases will be scaled for attention to the Audit and Risk Committee of the Board Directors.
- Ricardo Cillóniz Champín
- Tulio Silgado Consiglieri
- Michael Lecca La Torre
- Mariana Talavera Rubina
- Diego Arróspide Benavides
- Ricardo Guzmán Valenzuela
- Gonzalo Arróspide Del Busto
- Juan Manuel Otoya Wherrems
- Fernando Bustamante Cillóniz
- Ricardo Cillóniz Rey
- Humberto Barragán Herrera
- Mariana Olivares Maldonado
- Fabrizio Salvatteci Merino
Ricardo Cillóniz Champín
Chairman
A civil engineer by profession, he holds a master's degree in Business Administration from Michigan State University. He has been Managing Director of Corporación Aceros Arequipa S.A. since March 1988 and assumed the position of Executive President on January 1, 2007. He is a director of several companies, including Compañía Eléctrica el Platanal S.A. (Celepsa). He was a director of Rímac Seguros y Reaseguros from 1979 to 2023.
Tulio Silgado Consiglieri
CEO
An agricultural engineer by profession, graduated from the National Agrarian University and has studied at the Kellogg School of Management, among others. He has held the position of General Manager since January 2015. Previously, he was director and general manager at Cerámica San Lorenzo from 1994 to 2015. He was director at Cerámicas Cordillera Chile and Cerámica San Lorenzo Colombia. He also served as Sales Manager for Central America and the Caribbean at ICI (Imperial Chemical Industries), General Manager at ICI Dominicana, and Agrochemical Manager at ICI Peru from 1987 to 1994. He is currently a director at Fundo Buenos Aires Quilmana S.A.C. and Tecnofil.
Michael Lecca La Torre
Chief Production Officer
A metallurgical engineer from the National University of Trujillo,he holds an MBA and a Master's Degree in Production Operations Management from the Pontifical Catholic University of Peru, a Master's Degree in OHS and Environmental Management from the National University of San Marcos, a diploma in Supply Chain Management from the Peruvian University of Applied Sciences, and a specialization in Steel Production with a mention in Energy Conservation and Recycling from the Japan International Cooperation Agency. He has held the position of Central Production Managersince February 2025. Previously, he served as Steel Process Coordinator, Steel Superintendent, and Steel and Direct Reduction Manager.
Mariana Talavera Rubina
Supply Chain Manager
She holds a degree in Business Management Engineering from the National Agrarian University of La Molina. She has held the position of Supply Chain Manager since June 2018. Previously, she held local management positions in the areas of Purchasing and Supply Chain at companies such as Kimberly Clark, Intralot del Perú, and ABInbev, as well as the position of regional purchasing manager at Kimberly Clark.
Diego Arróspide Benavides
Strategic Procurements Manager
He holds a degree in industrial engineering from the University of Lima and a master's degree in Operations Management from the UPC. He has held the position of Strategic Purchasing Manager since July 2017. Previously, he held management positions in purchasing and logistics at companies such as Engie Energía Perú, Peruana de Combustibles, BBVA Continental, and British American Tobacco
Ricardo Guzmán Valenzuela
CFO
He holds a degree in Business Administration with a concentration in Finance from the University of Texas at Austin and an MBA from the University of Chicago Booth School of Business. He has been Corporate Finance Manager at Corporación Aceros Arequipa SA since July 2011 and has held the position of Administration and Finance Manager since April 2017. Previously, he was Executive Director of Corporate and Investment Banking at BBVA and responsible for mergers and acquisitions for Peru. Prior to that, he worked in Corporate Finance for various financial institutions.
Gonzalo Arróspide Del Busto
Commercial Manager
A business administrator by profession, with postgraduate degrees from ESAN and Northwestern University, USA. He has held the position of Commercial Manager since December 1998. Previously, he worked at Cerámica Lima SA, where he held the position of Commercial Manager.
Juan Manuel Otoya Wherrems
Human Resources Manager
A lawyer by profession from the Pontifical Catholic University and an MBA from Maastricht School of Management, with specialization studies in Human Resources Management at ESAN, Senior Management at ESADE, and Executive Coaching at INCAE. He has held the position of Human Resources Manager since August 2020. Previously, he served as Human Resources Manager at Unique de Yanbal International, Director of Human Resources at Grupo Codere in Peru, Colombia, and Argentina, and Human Resources Manager at ORUS SA of Grupo Romero
Fernando Bustamante Cillóniz
Strategic Management Control Manager
A mechanical engineer by profession, he graduated from Boston University and holds an MBA from the University of Piura. He has held the position of strategic management control manager since 2010. Previously, he served as internal consultant, head of merchant bar marketing, corporate TQM coordinator and head of PCI and inputs warehouse. He is also currently a director of Fundo San Fernando.
Ricardo Cillóniz Rey
Projects and Mining Manager
He holds a degree in industrial engineering from the University of Lima, an MBA from the Kellogg School of Management, and a master's degree in engineering from the McCormick School of Engineering. He has held the position of manager of Projects, Mining, Social Responsibility, and Innovation since November 2010. Previously, from 2005 to 2010, he served as Consulting Manager at Bain and Company, United Kingdom. He also held positions at Deutsche Bank – London and South Pacific Business Development. He is currently also a director at Agroindustrias AIB SA and Consorcio Industrial de Arequipa SA.
Humberto Barragán Herrera
Internal Audit Manager
He is a certified public accountant from the Pontifical Catholic University of Peru (PUCP). He has a postgraduate degree in Internal Auditing, Management Control, and Quality Management from the University of Lima, as well as a postgraduate degree in Finance and International Accounting Standards from ESAN University. He was an external financial auditor at KPMG, an internal auditor at Aliaxis Latinoamérica (a group dedicated to the industry of pipes, fittings, plastic valves, and products related to residential, commercial, and industrial construction), based in Costa Rica; internal auditor at the road infrastructure construction company in Peru of the H&H Group of Ecuador, and internal auditor of Electric Power Transportation companies i n Peru of the ISA Business Group of Colombia. He was a part-time professor at the Faculty of Accounting Sciences at PUCP. He has been Internal Audit Manager since December 2013.
Mariana Olivares Maldonado
Legal Affairs Manager
A lawyer by profession, she graduated from the University of Lima with studies at the Institute for US Law at George Washington University. She has held the position of Legal Affairs Manager since June 2023. Previously, she served as Director of Legal and Corporate Affairs at Sodexo Peru, General Manager of the Sodexo Association for Sustainable Development, and associate at Munizlaw.
Fabrizio Salvatteci Merino
Information Technology Manager
Industrial Engineer from the Pontificia Universidad Católica del Perú (PUCP), with a Master’s degree in Corporate Finance and Financial Risk from Centrum PUCP and a Master in Finance from EADA Business School. He has completed studies in Innovation at Yale School of Management and the Chief Technology Officer (CTO) program at Wharton School.
He has served as Information Technology Manager since February 2026. Previously, he held leadership positions in technology, strategic planning, and risk management within the company since 2014. He also served as a part-time lecturer in Business Management at PUCP and as a Senior Consultant at Ernst & Young (EY).