Corporate Governance
Investors Contact
accionistas@aasa.com.peCodes 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, CAASA formalizes its internal control and comprehensive risk management system, supported by guidelines, tools, and methodologies that generate reasonable security for the Board of Directors and Senior Management in the fulfillment of corporate objectives and in the mitigation of the risks to which they are exposed, allowing the company to operate according to its risk appetite.
We identify and manage strategic, operational & financial, information & reporting, and compliance and ethics risks. Within the group of strategic risks are external and/or emerging risks, which are those that come from external factors and are beyond the organization control.
For more information on the analysis of emerging risks, review the attached report:
Human Resources 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 | 10/02/2023 | 5.19 | Common |
| Cilloniz Champin, Renee | Perú | DNI - 07274993 | 08/08/2019 | 15.94 | 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 Corporation | 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 | 24/03/2023 | 4.50 | Common |
- SR. RICARDO CILLONIZ CHAMPIN
- SR. FERNANDO ENRIQUE CARBAJAL FERRAND
- SR. JORGE GUILLERMO VON WEDEMEYER KNIGGE
- SR. PEDRO BLAY HIDALGO
- SR. RICARDO BUSTAMANTE CILLÓNIZ
- SRA. RENEE CILLÓNIZ CHAMPIN
- SR. MANUEL MONTORI BURBANK
- SR. ENRIQUE OLAZABAL BRACESCO
- SR. PABLO JOSE PESCHIERA ALFARO
- SRA. GISELLE FERRAND RUBINI
- SR. JORDAN ALDO PONCE GAMBIRAZIO
- SR. ANDREAS WOLFGANG VON WEDEMEYER KNIGGE
SR. RICARDO CILLONIZ CHAMPIN
Chairman of the Executive Board
<h4>Executive Director</h4> <ul> <li><b>Gender: </b> Male</li> <li><b>Date of birth: </b>17/10/1949</li> </ul> <p>A civil engineer by profession, with an MBA from Michigan State University.</p> <p>He held the position of Managing Director since March 1988 at Corporación Aceros Arequipa S.A., and as of January 1, 2007, he assumed the role of Executive Chairman. </p> <p>He is a director at Rímac Internacional Cía. de Seguros y Reaseguros, Compañía Eléctrica El Platanal SA, among others.</p>
SR. FERNANDO ENRIQUE CARBAJAL FERRAND
Vice President
<h4>Non-executive Director</h4> <ul> <li><b>Gender:</b> Male</li> <li><b>Date of birth:</b> 20/05/1947</li> </ul> <p>Business administrator by profession, with additional education in Marketing at Kellogg, Six Sigma accreditation, PAD Good Corporate Governance program.</p> <p>He served as manager for Latin America of the North American companies STP Corporation and First Brands Corporation, and was vice president for Latin America of the company Honeywell International.</p> <p>Currently, he is President of Plásticos Nacionales SA and Director of Businesses Mancoche SA. He is a member of Board of Directors of Corporación Aceros Arequipa since March 13, 1998.</p>
SR. JORGE GUILLERMO VON WEDEMEYER KNIGGE
Non-executive Director
<ul> <li><b>Gender:</b> Male</li> <li><b>Date of birth:</b> 28/11/1951</li> </ul> <p>Business administrator, graduated from the University of Hamburg, Germany. </p> <p> He has extensive experience in banking, having worked at Commerzbank in Frankfurt, Germany, as business manager for the Central and North American regions, 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. </p> <p> He is Director of Lima Airport Partners, Euromotors SA, International Camiones del Perú SA, Euro Camiones SA, Euroinmuebles SAC and Altos Andes SAC; as well as the various companies that make up Corporacion Cervesur SAA: Creditex SAA; Transaltisa SA; Processed Foods SA (Alprosa); Agroindustrial Processes SA (Proagro). </p> <p> Previously, he served as Interim CEO of Lima Airport Partners (concession operator of the Jorge Chávez International Airport). He was 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 Corporación Aceros Arequipa Board of Directors since April 26, 2022. </p>
SR. PEDRO BLAY HIDALGO
Non-executive Director
<ul> <li><b>Gender:</b> Male</li> <li><b>Date of birth:</b> 15/11/1971</li> </ul> <p> By profession an Industrial Engineer from the Pontificia Universidad Católica del Perú, with an MBA from Cornell University and a Master's Degree in International Business from the Thunderbird School of Global Management. </p> <p> He is a Director of Inmobiliaria Comercial del Acero Argentina S.A. and Inmobiliaria Comercial del Acero Cajamarquilla S.A. He is a member of Corporación Aceros Arequipa Board of Directors since March 28, 2016, having worked in the Company in the commercial area since 1997, serving in his last executive position as Export Manager until March 2016. Additionally, he served as Director of Comercial del Acero SA, Comfer SA and the Peruvian Chamber of Construction (CAPECO). </p>
SR. RICARDO BUSTAMANTE CILLÓNIZ
Non-executive Director
<ul> <li><b>Gender:</b> Male</li> <li><b>Date of birth:</b> 14/10/1969</li> </ul> <p> Agronomist by profession. He studied at the California Polytechnic State University and took the PAD at the University of Piura. </p> <p> Founder and Director of Fundo San Fernando SA and Agrícola la Joya SAC, member of the Corporación Aceros Arequipa Board of Directors since December 22, 2011 and Director of Rethink Peru SAC since April 2019. </p>
SRA. RENEE CILLÓNIZ CHAMPIN
Non-executive Director
<ul> <li><b>Gender:</b> Female</li> <li><b>Date of birth:</b> 06/12/1946 </li> </ul> <p> With studies in commerce, with more than 17 years of experience in the steel products market. </p> <p> She works as CEO of Renemar SA. She is a director of Tradi SA and a member of the Corporación Aceros Arequipa Board of Directors since July 22, 2005 </p>
SR. MANUEL MONTORI BURBANK
Non-Executive Independent Director
<ul> <li><b>Gender:</b> Male</li> <li><b>Date of birth:</b> 01/09/1964</li> </ul> <p> Lawyer graduated from the University of Lima and MBA from Harvard Business School. </p> <p> Currently, he is Executive Vice President at Altozano Desarrollo y Construcción. </p> <p> He has been Chairman of the Board of Citileasing Peru and 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 as Vice President of Investment Banking in New York and Mexico. Likewise, he was Executive Director of Citibank for Corporate Banking in Peru and manager of the Citibank School of Banking in the State of Florida, in the United States of America. He has been a member of the Corporación Aceros Arequipa Board of Directors since March 23, 2017 </p>
SR. ENRIQUE OLAZABAL BRACESCO
Non-executive Director
<ul> <li><b>Gender:</b> Male</li> <li><b>Date of birth:</b> 21/09/1942</li> </ul> <p> Lawyer by profession from the Pontifical Catholic University of Peru. </p> <p> He has experience in the field of legal advice to companies of national and international prestige. He was a member of Estudio Romero Abogados for many years, of which he became one of the four main partners, personally advising, among others, important national and foreign clients, such as: Banco de Crédito del Perú, Compañía de Seguros Rímac, BASF Perú, Marriot Peru, TEXACO, Atacocha Mining Company, Milne, Transcosta, Occidental Petroleum, GSI, Johnson and Johnson, Basic Chemical Industries, Braniff, Eastern, Anglo American Clinic, Eternit, among others. Likewise, he has experience in managing arbitration processes. He has been a member of the Corporación Aceros Arequipa Board of Directors since March 13, 1998. </p>
SR. PABLO JOSE PESCHIERA ALFARO
Non-executive Director
<ul> <li><b>Gender:</b> Male</li> <li><b>Date of birth:</b> 28/03/1960</li> </ul> <p> He has a BS 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. </p> <p> He has been and is 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 SA and Director of COSAPI SA. </p> <p> He is Director of Tradi SA, Agroindustrias del Pacífico SA, Define Consultoría SA, Define Servicios SAC, Define Holding SAC, San Felipe SA, Ubicua Offices Peru SA, Inmobiliaria Los Granados SA, Inmobiliaria Comercial del Acero Argentina SA and Inmobiliaria Comercial del Acero Cajamarquilla SA He is president of the investment committee of the HMC Capital High Yield Peru F2 Fund and member of the investment committee of the HMC Deuda Privada Andina Fund. He has been a member of the Corporación Aceros Arequipa Board of Directors since February 28, 2008. </p>
SRA. GISELLE FERRAND RUBINI
Non-Executive Independent Director
<ul> <li><b>Gender:</b> Female</li> <li><b>Date of birth:</b> 18/02/1967</li> </ul> <p> She graduated in Business Administration from Universidad del Pacífico with honors, "Robert Maes" and "Maes Heller" awards. He has completed the following courses: Program for Directors of Companies XVIII (PBS/EY): "The Fundamentals of Corporate Governance", "Financial Keys for Directors" and "Strategy, Transformation and Innovation from the Board of Directors"; “Global Trends in Business Strategies Board Program” (McDonough School of Business – Georgetown University/PBS/EY); and Circular Economy: Transition to the Sustainability of the Future (MIT Professional Education). He was a professor of Financial Mathematics at the Universidad del Pacífico. In the beginning, he worked at the Atlantic Security Bank and at Deter Peru SA (Procter & Gamble). Later he developed business ventures in the agricultural, commercial, bakery and restaurant sectors. In addition to the position of director at Corporación Aceros Arequipa, which she has held since April 25, 2019, she has served as manager and member of the Board of Directors of other unlisted companies. </p>
SR. JORDAN ALDO PONCE GAMBIRAZIO
Non-executive Director
<ul> <li><b>Gender:</b> Male</li> <li><b>Date of birth:</b> 28/11/1971</li> </ul> <p> Lawyer from the Pontifical Catholic University of Peru. </p> <p> He is the main partner of Estudio Ponce Canessa Abogados with experience in the field of legal advice to companies. </p> <p> He is a member of the Executive Committee of the Euromotors Group, and Director of various companies such as San Bartolomé SA, Minera Colquisiri SA, Freno SA, Vari SAC, Agrícola Chapi SA and Sum Vehículos SA among others. Current Vice President of the Board of Directors of the Automotive Association of Peru. He has been a member of the Corporación Aceros Arequipa Board of Directors since April 26, 2022. </p>
SR. ANDREAS WOLFGANG VON WEDEMEYER KNIGGE
Non-executive Director
<ul> <li><b>Gender:</b> Male</li> <li><b>Date of birth:</b> 05/01/1954</li> </ul> <p> Business administrator, obtained the degree of Dipl.-Kfm. in Business Administration from the University of Hamburg, Germany, as well as Brewmaster, at the Ulmer Fachschule für Bierbrauer und Mälzer in Ulm, Germany with studies at the Program for Management Development, Graduate School of Business, Harvard University, United States of America and Senior Management Program - PAD of the University of Piura. </p> <p> He holds the position of Executive President of the Board of Directors of Corporación Cervesur SAA. He is President of the various companies that make up Corporación Cervesur (Alprosa, Creditex, Futuro Inmobiliario Camacho SA, Futuro Invest SA, Proagro, Servicios Aéreos AQP SA, Servicios de Asesoría, Texgroup, Transaltisa), as well as Chairman of the Board of Ferreycorp SAA, Ferreyros SA, Euromotors, Altos Andes, Euro Camiones, Euroinmuebles, International Camiones del Perú SA, Inversiones Sabancaya SAC and Renting. He is a Director of CFI Holdings SA. He is a Director and member of the Executive Committee of COMEX Peru. He is Director and former President of the National Society of Industries. He has been a member of the Corporación Aceros Arequipa Board of Directors since March 24, 2010. </p>
Audit & Risk Management
Human Resources
El principal propósito del Comité de Nombramientos, Retribuciones y Recursos Humanos es garantizar que la gestión humana en la plana ejecutiva de la Compañía se enmarque en los lineamientos corporativos y en prácticas modernas del Desarrollo Humano. Asimismo, la de mantener un sistema de compensación de la organización. Sesiona por lo menos cuatro veces al año y está conformado por cuatro (4) miembros del Directorio:
Sr. Fernando Carbajal Ferrand, como Presidente del Comité.
Sr. Pablo Peschiera Alfaro, miembro.
Sr. Enrique Olázabal Bracesco, miembro.
El Presidente Ejecutivo, el Gerente General y el Gerente de Gestión Humana asisten al Comité con voz y sin voto, este último, participa como Secretario
Comité de Ética
- Ricardo Cillóniz Champín
- Tulio Silgado Consiglieri
- Augusto Cornejo Cañedo
- Mariana Talavera Rubina
- Diego Arróspide Benavides
- Ricardo Guzmán Valenzuela
- Gonzalo Arróspide Del Busto
- Juan Manuel Otoya Wherrems
- Fernando Bustamante Cillóniz
- Ricardo Cillóniz Rey
- Rafael Cáceres Gallegos
- Humberto Barragán Herrera
Ricardo Cillóniz Champín
Chairman
He is a civil engineer by profession and holds a Master's degree in Business Administration from Michigan State University. Since March 1988, he has held the position of Managing Director of Corporación Aceros Arequipa S.A., and as of January 1, 2007, he assumed the position of Executive President. He is a director of Rímac Seguros y Reaseguros, Compañía Eléctrica El Platanal S.A. (Celepsa), among others.
Tulio Silgado Consiglieri
CEO
An agronomist engineer by profession from Universidad Nacional Agraria, with studies at Kellogg School of Management, among others, he has held the position of general manager since January 2015. Previously, he was general manager director 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 of ICI (Imperial Chemical Industries), general manager of ICI Dominicana and Agrochemical manager of ICI Peru from 1987 to 1994. He is currently a director of Fundo Buenos Aires Quilmana SAC, Fábrica Peruana Eternit and Tecnofil, and is a proxy of Blue Valley.
Augusto Cornejo Cañedo
Chief Production Officer
An electrical mechanical engineer by profession, with a Master's degree in Administration, with a mention in business management, and a doctorate in Business Sciences from San Luis Gonzaga University in Ica, he has held the position of central production manager since January 2016. Previously, he served as manager of Rolling and Finishing Plants and rolling superintendent.
Mariana Talavera Rubina
Supply Chain Manager
A business management engineer by profession from Universidad Nacional Agraria La Molina, he has held the position of Supply Chain Manager since June 2018. Previously, he held local management positions in Purchasing and Supply Chain areas in 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
Industrial Engineer by profession from Universidad de Lima and Master in Operations Management from UPC. He has held the position of Strategic Purchasing Manager since July 2017. Previously, he held management positions in purchasing and logistics areas in companies such as Engie Energía Perú, Peruana de Combustibles, BBVA Continental and British American Tobacco.
Ricardo Guzmán Valenzuela
CFO
He is a business administrator by profession, with a concentration in finance from The University of Texas at Austin, with an MBA from The University of Chicago Booth School of Business. He has been Manager of Corporate Finance at CAASA since July 2011 and has held the position of Manager of Administration and Finance since April 2017. Previously, he was executive director in Corporate and Investment Banking at BBVA and was responsible for mergers and acquisitions for Peru. Previously, he worked in Corporate Finance for several financial institutions.
Gonzalo Arróspide Del Busto
Commercial Manager
A business administrator by profession, with postgraduate degrees from ESAN and North Western University USA, he has held the position of Commercial Manager since December 1998. Previously, he worked at Cerámica Lima S.A., holding the position of commercial manager.
Juan Manuel Otoya Wherrems
Human Resources Manager
A lawyer from Pontificia Universidad Católica and 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 was Human Resources Manager at Unique de Yanbal International, Human Resources Director at GRUPO CODERE in Peru, Colombia and Argentina, and Human Resources Manager at ORUS S.A. of GRUPO ROMERO.
Fernando Bustamante Cillóniz
Strategic Management Control Manager
Mechanical engineer by profession from Boston University, with 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 Marketing of the Profiles Line, corporate coordinator of TQM and head of PCI and Supply Warehouse. He is also currently a director of Fundo San Fernando.
Ricardo Cillóniz Rey
Projects and Mining Manager
Industrial engineer by profession from Universidad de Lima, with an MBA from Kellogg School of Management and a Master's degree in Engineering from McCormick School of Engineering. He has held the position of Manager of Projects, Mining and Social Responsibility since November 2010. Previously, from 2005 to 2010, he was a Consulting Manager at Bain and Company - UK. In addition, he held positions at Deutsche Bank - London and South Pacific Business Development. Currently, he is also a director at Agroindustrias AIB S.A.
Rafael Cáceres Gallegos
Chief Information Officer (CIO)
An electronic engineer by profession, he has held the position of IT manager since September 1999. Previously, he was manager of @Phone S.A. Until 1998, he worked as operations manager of Americatel Perú S.A.
Humberto Barragán Herrera
Internal Audit Manager
He is a certified public accountant from the Pontificia Universidad Católica del Perú - PUCP. He has a postgraduate degree in Internal Auditing, Management Control and Quality Management from Universidad de Lima, as well as a postgraduate degree in Finance and International Accounting Standards from ESAN University. He was external financial auditor at KPMG, internal auditor at Aliaxis Latin America (group dedicated to the industry of pipes, fittings, plastic valves and related products for residential, commercial and industrial construction), based in Costa Rica; internal auditor at the road infrastructure construction company in Peru of Grupo H&H of Ecuador and internal auditor of electric energy transportation companies in Peru of Grupo Empresarial ISA of Colombia. He was a part-time professor at the School of Accounting Sciences of the PUCP. He has been manager of Internal Audit since December 2013.