|
|
 |
 |
(14.1.2008) OFFICIAL NOTICE
The Board of Directors of Cenco-Zotti, S.A. & its Affiliates recently announced that Juan Bautista Zotti, has decided to retire as partner and director of this company. His decision is and was based strictly on personal reasons. Juan B. Zotti worked with the company until January 11th, 2008.
This change in our organization affects only the shareholding structure and the composition of the Board of Directors. It will not involve a change in the name of the company, nor imply any property sale, nor an enterprise division, nor the sale of any of our affiliates and /or sales of actives and/or change of our strategic plan initiated during 2007.
The strategic plan of Cenco-Zotti, S.A. & its Affiliates continues firm, with the mission to support our industrial customers in the creation, formulation and elaboration of successful and profitable products through the supply of goods, services and tailored solutions.
Our group's aim and vision is to be the first choice for our customers in Venezuela, to be the first option for companies interested in the distribution of goods and services into the Venezuelan industrial sector and to be recognized in the workmarket for our highly trained, efficient, supportive and engaged human team.
As a novelty and from this year 2008 on, Cenco-Zotti, S.A. will be implementing the concepts of a CORPORATE GOVERNANCE. The term of CORPORATE GOVERNANCE refers to the system for which a company is conducted and controlled in the development of its economic activities. It focuses on the responsibilities and on the rights of each member of the organizations and the rules to follow in the decision making process. Particularly, CORPORATE GOVERNANCE refers to the formal or informal relations that are established between the Board of Directors, that defines the strategy and targets of the company, the Management, which carries out the administration and the day by day operations; and the Shareholders that invest in it.
In this sense, Cenco-Zotti, S.A. clearly defines the functions, the rights and duties of:
THE SHAREHOLDERS
THE BOARD OF DIRECTORS, formed by five (5) directors: three (3) directors, will be external (non-executive) and two (2) executive directors.
The EXECUTIVE COMITEE, will be formed by two (2) executives directors. They will operate the daily activities of the company and will be the "transmission belt" between the BOARD OF DIRECTORS and THE MANAGEMENT.
The MANAGEMENT
The new organization structure of our group establishes the functions of two Executive Directors (The EXECUTIVE COMMITTEE) acting in a matrix form.
Cenco-Zotti, S.A. and its Affiliates will continue to strengthen its values of professionalism and entrepreneurship, reliability and responsibility, enjoyment and creative thought and agility and adaptability.
The board of directors
|
|
|
