Tlalnepantla, Mexico — Daniel Martínez-Valle has been named CEO of Mexican PVC resin and pipe maker Mexichem SAB de CV, following the resignation of Antonio Carrillo Rule from the position he held since mid-2012.
Mexichem's board of directors will formally appoint Martínez-Valle in the coming days, the company said in a Jan. 31 news release. He joins from Mexican industrial and financial conglomerate Kaluz SA de CV, which created Mexichem in 2003.
Martínez-Valle is CEO of Kaluz, having joined the group in 2010.
Tlalnepantla-based Mexichem said Carrillo "has informed us that he is leaving to pursue other professional interests in the U.S. at a public company." Carrillo and Martínez-Valle "will work together during the upcoming transition period," it added.
Mexichem Chairman Juan Pablo del Valle said Martínez-Valle had been instrumental in the "profitable growth and global expansion of Kaluz," while Carrillo had "developed Mexichem's talent and positioned the company for future growth. … We all wish him continued success in his new endeavor."
The company said its pre-tax earnings in calendar year 2017 were 20-25 percent above the $884 million it reported in 2016.