ICA Annual Shareholders' Meeting Ratifies Members of the Board of Directors

Empresas ICA, S.A.B. de C.V. Logo

  • Six independent directors on 11 person Board

MEXICO CITY, April 11, 2014 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV:ICA) and (NYSE:ICA), the largest infrastructure and construction company in Mexico, announced that its Annual Shareholders' Meeting ratified the members of the Board of Directors and elected the chairs of the board committees.

The Board of Directors has 11 members, including six independent members. The chairs and all members of the Board Committees are independent directors.

As approved by the Shareholders' Meeting, the board of directors of Empresas ICA is composed as follows:

Bernardo Quintana Isaac Chairman
José Luis Guerrero Director
Fernando Flores y Pérez Independent Director
Alonso Quintana Kawage Director
Elsa Beatriz García Bojorges Independent Director
Margarita Hugues Vélez Independent Director
Salvador Alva Gómez Independent Director
Diego Quintana Kawage Director
Ricardo Gutiérrez Muñoz Independent Director
Carlos Guzmán Bofill Independent Director
Eduardo Revilla Martínez Director

The Shareholders' Meeting also elected the chairs of the Board Committees:

  • Audit Committee: Elsa Beatriz García Bojorges
  • Corporate Practices: Fernando Flores y Pérez
  • Finance, Planning, and Sustainability: Fernando Flores y Pérez.

The summary of the resolutions of the Annual Shareholders' Meeting and the biographies of the members of the board may be found on the Corporate Governance/Investor Relations page of ICA's corporate website, http://ica.com.mx.

This press release may contain projections or other forward-looking statements related to ICA that reflect ICA's current expectations or beliefs concerning future events. Such forward-looking statements are subject to various risks and uncertainties and may differ materially from actual results or events due to important factors such as changes in general economic, business or political or other conditions in Mexico, Latin America or elsewhere, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico or Mexican companies, changes in tax and other laws affecting ICA's businesses, increased costs, unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms and other factors set forth in ICA's most recent filing on Form 20-F and in any filing or submission ICA has made with the SEC subsequent to its most recent filing on Form 20-F. All forward-looking statements are based on information available to ICA on the date hereof, and ICA assumes no obligation to update such statements.

Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company. ICA carries out large-scale civil and industrial construction projects and operates a portfolio of long-term assets, including airports, toll roads, water systems, and real estate. Founded in 1947, lCA is listed on the Mexican and New York Stock exchanges. For more information, visit www.ica.com.mx/ir

CONTACT: For more information contact: Ana Paulina Rubio ana.rubio@ica.mx Elena Garcia elena.garcia@ica.mx relacion.inversionistas@ica.mx (5255) 5272 9991 ext.3608 Gabriel de la Concha, CIO gabriel.delaconcha@ica.mx Victor Bravo, CFO victor.bravo@ica.mx In the United States: Daniel Wilson, Zemi Communications (1212) 689 9560 dbmwilson@zemi.com

Source:Empresas ICA, S.A.B. de C.V.