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Mexichem names new CEO

| By Mary Bailey

Mexichem S.A.B. de C.V. (Tlalnepantla, Mexico; www.mexichem.com) announced that it will appoint Daniel Martínez-Valle to the position of Chief Executive Officer (CEO), following the resignation of Antonio Carrillo, who has informed us that he is leaving to pursue other professional interests in the U.S. at a public company. The Board of Directors of Mexichem will formally appoint Martínez-Valle in the coming days.

Martínez-Valle, 46, is currently CEO of Kaluz, an industrial and financial conglomerate, which he joined in 2010. Previously, he was the Director of Worldwide Strategy & Planning at Cisco, a worldwide technology leader. Prior to that, Mr. Martínez-Valle was the founding partner of a private equity firm and also served as CEO of Aquanima, a leading provider of global supply management for large corporations in Europe and Latin America. Earlier in his career, he was a consultant at McKinsey & Co., and served as Chief of Staff in the Mexican Ministry of Finance. Mr. Martínez-Valle earned an MBA from Stanford University, a B.S. from ITAM.

Commenting on this upcoming appointment, Mr. Juan Pablo del Valle, Mexichem’s Chairman said, “We are fortunate to have a person of Daniel’s leadership style, vision and background. He is the right person to lead Mexichem in our development as a purpose driven, future fit organization. Daniel has been instrumental in the profitable growth and global expansion of Kaluz and brings tremendous industrial and technological leadership. Importantly, Daniel is current on all areas of Mexichem’s operations, having worked closely with the Company’s operating management teams in an advisory capacity, specifically around recent acquisitions, including the Netafim transaction.”

Mexichem’s Chairman continued, “We appreciate Antonio’s valuable contribution to all Mexichem’s stakeholders and his role in developing the organization’s talent and in positioning the Company for future growth. At the same time, we accept his decision to assume another leadership position, and we all wish him continued success in his new endeavor.”

“This is a great honor for me, and I am pleased to be working together with the excellent global teams in place at Mexichem,” Mr. Martínez-Valle noted. “Mexichem has a unique growth platform, and I look forward to leveraging my experience to build upon the Company’s success to-date.”