Board of Directors

The Board of Directors is responsible for the management of the Company. It´s composed of seven members, of which five out of seven are independent, pursuant of transparency and alignment with the certificate holders interests. Each Director is elected annually at the Shareholders Annual General Ordinary Meeting. All Board Members hold the positions for one year and may be reelected.

Set forth below are the name, position and description of the business experience of each of Terrafina's directors on its Board of directors.

Name
Position
Alberto Chretin Chairman, Director & CEO
Enrique Lavín Director
Eduardo Solís* Director
Arturo D'Acosta* Director
José Luis Barraza* Director
Víctor D. Almeida* Director
Carmina Abad* Director
*Independent Directors, pursuant of the Mexican Securities Market Laws

Alberto Chretin: CEO

Alberto Chretin is Terrafina´s Chief Executive Officer and Chairman of the Board. Mr. Chretin is responsible for the preparation of our business strategy and the execution of our vision, goals and business plan. Before joining Terrafina, Mr. Chretin served as a Minister of Economy for the state of Chihuahua, Mexico, and as Executive Advisor of PREI in connection with Terrafina´s initial portfolio. Prior to joining PREI, Mr. Chretin was Managing Director at Verde Corporate Realty Services, where his duties included marketing, promotion, leasing, development, investment and property management. Previously in his career, Mr. Chretin was CEO at Intermex, Chihuahua, where he doubled the size of the Company’s industrial portfolio, and Executive Director of Parques Industriales de Chihuahua, S.A. de C.V. Mr. Chretin has also served as Executive Director of the Mexican Association of Industrial Parks (AMPIP) from 2009 to 2010. Alberto Chretin holds a Bachelor’s degree in Management and Mechanical Engineering from the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) and attended the AD-2 program at the IPADE Business School in Mexico.

Enrique Lavín: Managing director at PGIM Real Estate and Head of Mexico and of Portfolio Management

Enrique Lavin is a managing director at PGIM Real Estate and is Head of Mexico and of Portfolio Management. He is responsible for providing strategic direction and overseeing the performance of US $3.0billion of assets under management Enrique is also responsible for heading the business development efforts and thereby responsible of structuring private and public equity raising initiatives for the region, as well as for managing PGIM Real Estate’s relationships with investment banks and investors. Overall, during his tenure at PGIM, Enrique has executed an aggregate of US$7.0 billion of transactions, both in public and private markets, and including debt, equity and M&A. His experience in the real estate industry includes 15 years in the real estate industry in Mexico and US$8.0 billion of transactions in positions such as vice president at Credit Suisse for the Real Estate Finance and Securitizations group and director of Debt Origination at GE Real Estate. From 2011 to 2012, Enrique was a member of the board of directors of Paz Corp., a public homebuilder based in Chile and is currently a board member of Terrafina (MXSE: TERRA13) as well as member of the PGIM Latin America Investment Committee.

Enrique holds a degree in Industrial Engineering from the Instituto Tecnologico y de Estudios Superiores de Monterrey (ITESM) and a MBA from the University of Texas at Austin, where he was recipient of the Global Star Award.

Eduardo Solís: President of AMIA

Eduardo Solis is President of the Mexican Association of the Automotive Industry (AMIA). Prior to his current position, Mr. Solis worked at the Ministry of Economy, where he served as a Head of the Unit for the Promotion of Investment. He was responsible for attracting key strategic projects to Mexico. Previously, Mr. Solis was responsible for the administration of NAFTA and was Mexico’s Chief Trade Negotiator with Latin America. He negotiated free trade agreements with Chile, Nicaragua, Uruguay, Guatemala, Honduras and El Salvador, as well as bilateral agreements with Brazil, Argentina, Panama and Peru. Mr. Solis was also Mexico’s Chief Negotiator in the Free Trade Agreement of the Americas, and worked at the Ministry of Commerce and Trade as Head of Negotiations for the agricultural chapter of NAFTA, as well as for the free trade agreements with Costa Rica, Bolivia, Colombia and Venezuela, and the World Trade Organization (WTO) Uruguay Round. Mr. Solis has a Bachelor’s degree in Economics from the Universidad Autónoma de Nuevo León, and received a Master’s degree and a Ph.D. from The University of Chicago and the University of Rochester, respectively.

Arturo D’Acosta: Executive Director of Actinver

Arturo D’Acosta is Executive Director of Actinver. Previously, he held the Executive Director position at Alvarez & Marsal (A&M) in Mexico City. Mr. D’Acosta is responsible for providing consulting services to companies in Mexico as a specialist in financial administration. Mr. D’Acosta also serves as President of the Securities Listing Committee for the Mexican Stock Exchange, where he analyzes and authorizes capital and debt placements. Previously, he was Managing Partner at Serficor Partners, where he ran several projects in the construction, food, and agriculture industries. Prior to his work at Serficor Partners, Mr. D’Acosta was General Manager of Finance and Administration for the Grupo Industrial Saltillo and Corporate Director of Finance and Administration at DESC, where he was responsible for various financial restructurings and bond issuances in Mexico and the U.S. Mr. D’Acosta earned a B.B.A. from the Escuela Bancaria y Comercial and holds an MBA from the Instituto Tecnológico Autónomo de México (ITAM).

José Luis Barraza: Former Chairman of the Administrative Board of Aeromexico

Jose Luis Barraza is the former Chairman of the Administrative Board of Grupo Aeromexico, of which he continues to be a member. In addition, he is President of the Executive Committee of Aeromexico and participates as Permanent Guest of the Audit and Corporate Practices Committees. Mr. Barraza has worked in international commerce and industrial development for over 30 years. He has served as Chairman of the boards of Proyectos Inmobiliarios Impulso, Optima, Administración de Servicios Optima, Realiza y Asociados, e Inmobiliaria Realiza. Mr. Barraza has also been a board member of numerous financial, educational and philanthropic institutions. From 2003 to 2004, he was President of the Employers’ Confederation of the Republic (Coparmex), and between 2004 and 2007 served as President of the Council on Business Coordination (CCE). Mr. Barraza has a degree in Chemical Engineering with a specialty in Business from the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) and he earned his postgraduate degree in Advanced Administration from the IPADE Business School. In addition, he has an Honorary Doctorate from the Mexican Academy of International Law.

Victor D. Almeida: General Manager of Interceramic

Victor D. Almeida has served as General Manager of Interceramic since 1982. Since 1979, when the Company began operations, he has taken on several roles within Interceramic. In 1982, he was named President and General Director of Grupo Cencor, which manages Mercedes Benz, Honda and Chrysler dealerships in the State of Chihuahua. Mr. Almedia has been President of the Director’s Council for Banamex in the State of Chihuahua since 1991 and of NAFINSA/TEXAS since 2005. Mr. Almeida holds a Bachelor’s degree in Business Administration from the University of Texas in Austin.

Carmina Abad

Carmina Abad tiene más de 30 años con una sólida formación profesional con un enfoque especial en el sector de seguros y riesgos y el financiero. Del 2010 al 2015, Carmina fungió como la Directora General y Presidenta del Consejo de MetLife México donde ayudó a crecer la compañía a niveles por encima de los de la industria de seguros. Antes de convertirse en Directora General, ocupó varios puestos en la compañía tales como Directora de Operaciones (2009-2010), Vicepresidenta de la Unidad de Negocios de Gobierno (2002-2009), Responsable de Desarrollo de Negocios Institucionales de MetLife España (2000-2002) y en la AFORE de MetLife del año 1991 hasta el 2000. Carmina Abad tiene una Licenciatura en Actuaría por la Universidad Nacional Autónoma de México (UNAM). Adicionalmente, Carmina Abad tiene varias certificaciones las cuales incluyen el Programa de Mentores de Harvard, el Enterprise Leadership Program (Harvard Business School), el certificado de Executive Education for Women (Smith College), entre otros.