– MEXICO, Mexico City – Grupo Elektra, S.A.B. de C.V. (BMV:ELEKTRA) (Latibex:XEKT), Latin America’s leading specialty retailer and financial services company and the largest non-bank provider of cash advance services in the United States, announced that the Annual Shareholders Meeting held today named Hugo Salinas Sada —son of Ricardo B. Salinas— member of the Board of Directors of the company.

Mr. Salinas Sada, a 30-year-old entrepreneur, has extensive knowledge of dynamic retail companies, operating with strict efficiency criteria, and generating broad value for shareholders, groups of interest and communities in which they have a presence.

He is founder and CEO of Tiendas Neto, a hard-discount chain that provides non-durable consumer goods to the base of the socioeconomic pyramid in Mexico, through more than 500 points of sale in 18 states.

Tiendas Neto started operations in 2009 and currently services 10 million customers per month who have access to basic goods of the highest quality, under the best market conditions, with excellent customer service provided by more than its 4,000 employees, which has a direct impact on the welfare of communities.

Hugo Salinas is founder and owner of Bossa Muebles, which for eight years has created quality furniture and appliances for homes in Mexico, with commercial success and increasing profitability. Mr. Salinas Sada is also a member of the YPO —Young Presidents’ Organization— an international association of young entrepreneur leaders with prominent businesses.

Mr. Salinas Sada’s leadership and broad business knowledge will enable him to generate strategies that will further boost the company’s dynamic performance and strengthen its profitability and solid market positioning.

About Grupo Elektra

Grupo Elektra is Latin America’s leading financial services company and specialty retailer and the largest non-bank provider of cash advance services in the United States. The group operates more than 7,000 points of contact in Mexico, the United States, Guatemala, Honduras, Peru, Panama and El Salvador.

For more information : http://www.grupoelektra.com.mx

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Talent4Boards Team

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