Start of Alpek’s CEO succession process

Alpek, S.A.B. de C.V. announced the start of its CEO’s succession process. Following a remarkable 46-year tenure, José de Jesús Valdez Simancas (“Pepe”) will leave Alpek on March 01, 2023, to take on a new role as Senior Advisor at Alfa.

Pepe began his professional career in 1976 and rapidly ascended to lead Alfa’s Petrochemical Division. Since then, his strategic vision has transformed Alpek into a leading global player with annual revenues of US $10.5 billion, 35 production facilities in 9 countries and more than 7,000 highly committed team members.

Under his leadership, Alpek achieved sustained growth and diversified its product portfolio through multiple acquisitions and strategic partnerships with other relevant players in the petrochemical industry. Today, Alpek is one of the largest producers of PTA, PET resin, PET sheet and expandable polystyrene (EPS) worldwide, and the only manufacturer of polypropylene (PP) in Mexico.

Alpek’s Board of Directors appointed Jorge Young Cerecedo as new CEO. Jorge will assume this role beginning on March 01, 2023 and maintain his responsibilities as President of Alpek Polyester. Throughout his 32-year career at Alpek, he has served in key roles at the Company’s Polyester division, including President of PET and Staple Fibers. Jorge holds a B.S. in Chemical Engineering from Tecnológico de Monterrey and an M.B.A. from the University of Pennsylvania, Wharton School of Business.

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Photo: José de Jesús Valdez Simancas will be leaving Alpek´s CEO position on March 01, 2023, to take on a new role as Senior Advisor at Alfa.