Corporate Governance

Corporate Bylaws

Codes and Policies

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.

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.

Stock Representatives

Ricardo Guzmán Valenzuela
Francisco Alayza Camarero

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 2020-12-17 5.17 Common
Cilloniz Champin, Renee Perú DNI - 07274993 2019-08-08 15.94 Common
Cilloniz Rey, Andrea Perú DNI - 40111259 2018-12-20 8.50 Common
Cilloniz Rey, Ricardo Perú DNI - 10318263 2018-12-20 8.53 Common
Olesa Investment Corporation Bahamas 2018-12-20 10.96 Common
Servicios De Asesoría S.A. Perú RUC - 20454531036 2018-12-20 5.47 Common

Ricardo Cillóniz Champín

Is a civil engineer by profession and holds a Master’s in Business Administration from Michigan State University. He has held the position of Managing Director since January 1988. He is a board member of Rímac-Internacional Cía. de Seguros y Reaseguros, Transportes Barcino S.A., and Celepsa S.A., among others. On January 1, 2007, he became Chairman.

Fernando Carbajal Ferrand

Is a business administrator by profession. He was Manager for Latin America of the U.S. companies STP Corporation and First Brands Corporation; and Vice President for Latin America of Honeywell International. He is currently the President of Plásticos Nacionales S.A., and a board member of Transportes Barcino S.A. He has been a board member of Corporación Aceros Arequipa since March 13, 1998.

José Antonio Baertl Montori

Holds a Bachelor’s Degree in Agricultural Sciences from Universidad Agraria La Molina. Previously, he was the manager of Laminadora del Pacífico S.A.; and manager of Castrovirreyna Cía. Minera S. A. and Volcán Cía. Minera until 1982. In 2018, he was Chairman of the Board of Agrícola La Venta S.A.C. He is a board member of Transportes Barcino S.A. He has been a board member of Corporación Aceros Arequipa since March 13, 1998.

Pedro Blay Hidalgo

Is an industrial engineer by profession. He graduated from the Pontificia Universidad Católica del Perú, and holds an MBA from Cornell University and a Master’s in International Business from Thunderbird School of Global Management. He is a board member of Comfer S.A., Transportes Barcino S.A., Inmobiliaria Comercial del Acero Argentina S.A., and Inmobiliaria Comercial del Acero Cajamarquilla S.A. He has been a board member of Corporación Aceros Arequipa since March 28, 2016.

Ricardo Bustamante Cillóniz

Is an agronomist by profession. He studied at California Polytechnic State University and completed the PAD program at Universidad de Piura. Since 1995, he has been General Manager and founder of Fundo San Fernando S.A. Since 2005, he has been the General Manager and founder of Agrícola La Joya S.A.C. He is a board member of Transportes Barcino S.A. He has been a board member of Corporación Aceros Arequipa since December 22, 2011.

Renee Cillóniz de Bustamante

Studied trade. She is currently the General Manager of Renemar S.A. She is a board member of Fundo San Fernando S.A. and Transportes Barcino S.A. She has been a board member of Corporación Aceros Arequipa since July 22, 2005.

Manuel Montori Burbank

Is an attorney at law graduated from Universidad de Lima, and holds an MBA from Harvard Business School. He is currently Executive Vice President of Altozano Desarrollo y Construcción. He was previously Chairman of the Board at Citileasing Peru and a board member 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; Executive Director of Citibank for Corporate Banking in Peru; and Manager of the Citibank School of Banking in the state of Florida, USA. He is a board member of Transportes Barcino S.A. He has been a board member of Corporación Aceros Arequipa since March 23, 2017.

Enrique Olazábal Bracesco

Is an attorney at law graduated from Pontificia Universidad Católica del Perú. He has experience in providing legal counsel to nationally and internationally renowned companies. For many years, he was part of the law firm of Estudio Romero, Abogados, where he became one of four senior partners, and counseled major Peruvian and international clients, including Banco de Crédito del Perú, Compañía de Seguros Rímac, Compañía Minera Atacocha, TEXACO, BASF, Marriot Perú, and others. He has experience in managing arbitration proceedings. He is a board member of Transportes Barcino S.A. He has been a board member of Corporación Aceros Arequipa since March 13, 1998.

Pablo Peschiera Alfaro

Holds a BSc in Mechanical Engineering from the University of California, Berkeley, and an MBA from Stanford University. He is a corporate consultant and entrepreneur. He has been and continues to be a board member of a number of companies in the industrial, construction, trade, services, and agriculture and livestock sectors. He is currently a board member of Transportes Barcino S.A., Tradi S.A., Comfer S.A., Inmobiliaria Comercial del Acero Argentina S.A., Inmobiliaria Comercial del Acero Cajamarquilla S.A., Define Consultoría S.A., Define Servicios S.A.C., Dirige S.A.C., Agipac S.A., and Ubicua Offices Perú S.A. He was previously Chairman of the Board of Redondos S.A. and a board member of COSAPI S.A. He is the chairman of the investments committee of Fondo HMC Capital High Yield Perú FI and Fondo HMC Deuda Privada Andina. He has been a board member of Corporación Aceros Arequipa since February 28, 2008.

Giselle Ferrand Rubini

Majored in Business Administration at Universidad del Pacífico, where she graduated with honors and was recognized with the Robert Maes and Maes Heller awards. She taught financial mathematics at the same university before working at Atlantic Security Bank and Procter & Gamble (Deter Perú S.A.). She later started her own businesses in the bakery, restaurant, and agricultural sectors, as well as imports in the paper, automotive, and household appliance sectors. She is currently a board member of Transportes Barcino S.A. She has been a board member of Corporación Aceros Arequipa S.A. since April 25, 2019

Diego Urquiaga Heineberg

Holds a BSc in Animal Science from California Polytechnic State University and an MBA from Universidad de Piura. He is a zootechnician and business administrator by profession, and has been a manager at a number of Peruvian and multinational companies in the industrial, foods and beverages, and service sectors. He is currently an independent businessman. He is a board member of Transportes Barcino S.A. He has been a board member of Corporación Aceros Arequipa since November 27, 2003.

Andreas von Wedemeyer Knigge

Received the degree of Dipl.-Kfm. in business administration from the University of Hamburg in Germany. He is currently Chairman and CEO of Corporación Cervesur S.A.A. He is the president of the different companies that form part of Corporación Cervesur, and Chairman of the Board of Euromotors S.A., Altos Andes S.A., Euro Camiones, Euroinmuebles, EuroRenting S.A.C. and International Camiones del Perú S.A. He is Chairman of the Board of La Positiva Seguros y Reaseguros, La Positiva Vida Seguros y Reaseguros, and de La Positiva Entidad Prestadora de Salud - EPS. He is a board member of Corporación Financiera de Inversiones (CFI), Ferreycorp S.A.A., and Ferreyros S.A., Transportes Barcino S.A., as well as Alianza Compañía de Seguros y Reaseguros and Alianza Vida Seguros y Reaseguros (Bolivia), among others. He is the former president of the National Association of Industries (SNI), a board member of Comex Perú, and the German-Peruvian Chamber of Commerce and Industry. He has been a board member of Corporación Aceros Arequipa since March 24, 2010.

Audit & Risk Management

Human Resources

Ricardo Cillóniz Champín

Chairman

Is a civil engineer by profession and holds a Master’s in Business Administration from Michigan State University. He has held the position of Managing Director since January 1988. He is a board member of Rímac-Internacional Cía. de Seguros y Reaseguros, Transportes Barcino S.A., and Celepsa S.A., among others. On January 1, 2007, he became Chairman.

Tulio Silgado Consiglieri

CEO

Is an agronomist graduated from the Universidad Nacional Agraria, with studies at the Kellogg School of Management, among others. He has been CEO since January 2015. Previously, he was Director and CEO of Cerámica San Lorenzo from 1994 to 2015; a board member of Cerámicas Cordillera Chile and a board member of Cerámica San Lorenzo Colombia; Sales Manager for Central America and the Caribbean of Imperial Chemical Industries (ICI); CEO of ICI Dominicana; and Agrochemicals Manager of ICI Perú from 1987 to 1994. He is currently a board member of Fundo Buenos Aires Quilmana SAC, Fruto del Monte SAC, Blue Valley, Pampa Bendita, and Fábrica Peruana Eternit.

Francisco José Alayza Camarero

Legal Affairs Manager

Holds a law degree from the Universidad de Lima and a Master’s in Finance and Corporate Law from ESAN. He has been the Legal Affairs Manager since April 2018. Prior to that, he held managerial positions in the legal and compliance areas of companies such as Inversiones Centenario, Komatsu-Mitsui, and Praxair, and was Legal Director for Latam at ESCO.

Augusto Cornejo Cañedo

Chief Production Officer

Is an electromechanical engineer. He holds a Master’s in Administration, with a focus on business management, and a PhD in Business Science from Universidad San Luis Gonzaga in Ica. He has held the position of Chief Production Officer since January 2016. Previously, he was the Manager of Rolling and Finishing Plants and Rolling Superintendent.

Mariana Talavera Rubina

Supply Chain Manager

Is a business management engineer by profession, and graduated from the Universidad Nacional Agraria La Molina. She has been the Supply Chain Manager since June 2018. Previously, she held local management positions in the procurements and supply chain areas in companies such as Kimberly Clark, Intralot del Perú, and ABInbev, and was Regional Procurements Manager for Kimberly Clark.

Diego Arróspide Benavides

Strategic Procurements Manager

Is an industrial engineer by profession, with a degree from the Universidad de Lima. He holds a Master’s in Operations Management from the UPC. He has been the Strategic Procurements Manager since July 2017. Prior to that, he held managerial positions in the procurements and logistics areas in companies such as Engie Energía Perú, Peruana de Combustibles, BBVA Continental, and British American Tobacco.

Ricardo Guzmán Valenzuela

CFO

Is a business administrator by profession, with a minor in finance. He holds a bachelor’s degree from the University of Texas at Austin, and an MBA from the University of Chicago Booth School of Business. He has been the Company’s Corporate Finance Manager since July 2011, and the CFO since April 2017. Previously, he was Executive Director of Corporate and Investment Banking at BBVA, and was responsible for mergers and acquisitions for Peru. Prior to that, he worked in corporate finance for a number of different financial entities.

Gonzalo Arróspide Del Busto

Commercial Manager

Is a business administrator by profession, with graduate degrees from ESAN and Northwestern University in the USA. He has been the Commercial Manager since December 1998. Prior to that, he worked at Cerámica Lima S.A. as the Commercial Manager there.

Juan Manuel Otoya Wherrems

Human Resources Manager

Juan Manuel Otoya majored in law at Pontificia Universidad Católica del Perú and holds an MBA from the Maastritch School of Management. He completed several specialization studies such as Human Resources Management at ESAN, Upper Management at ESADE and Executive Coaching at INCAE. Since August 2020 he holds the position of Human Resources Manager. Previously he served as Human Resources Manager at Unique of Yanbal International, Director of Human Resources at GRUPO CODERE (Peru, Colombia and Argentina), and Human Resources Manager of ORUS S.A. (Grupo Romero).

Fernando Bustamante Cillóniz

Strategic Management Control Manager

Has a degree in mechanical engineering from Boston University, with an MBA from the Universidad de Piura. He has been the Strategic Management Control Manager since 2010. Before that, he was Internal Consultant, Head of Marketing for the Profiles Line, Corporate TQM Coordinator, and Head of PCI and Supply Warehouses. At present, he is also a board member of Fundo San Fernando.

Ricardo Cillóniz Rey

Projects and Mining Manager

Is an industrial engineer by profession, graduated from the Universidad de Lima, with an MBA from the Kellogg School of Management and a Master’s in Engineering from the McCormick School of Engineering. He has been the Projects and Mining Manager since November 2010. From 2005 to 2010, he was the Consultancy Manager at Bain and Company in the United Kingdom. He has also held positions at Deutsche Bank London and South Pacific Business Development. He is currently also a board member of Agroindustrias AIB S.A.

Rafael Cáceres Gallegos

IT Manager

An electronic engineer by profession, has held the position of IT Manager since September 1999. Prior to that, he was a manager at @Phone S.A. Up until 1998, he worked as the Operations Manager of Americatel Perú S.A.

Humberto Barragán Herrera

Internal Audit Manager

Is a certified public accountant graduated from the Pontificia Universidad Católica del Perú (PUCP). He has a diploma of specialization in internal auditing, management control, and quality management from the Universidad de Lima, as well as a diploma of specialization in finances and international accounting standards from Universidad ESAN. He was an External Financial Auditor at the firm of KPMG; Internal Auditor at Aliaxis Latinoamérica (a group engaged in the manufacture of pipes, accessories, plastic valves and related products for residential, commercial, and industrial construction) with headquarters in Costa Rica; an Internal Auditor at the road infrastructure construction company in Peru owned by Grupo H&H of Ecuador; and Internal Auditor for electricity transport companies in Peru belonging to Grupo Empresarial ISA of Colombia. He was a part-time faculty member of the accounting program at PUCP. He has been Internal Audit Manager since December 2013.