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OMA Appoints New Chief Executive Officer

Stocks in this article: OMAB

MONTERREY, Mexico, March 23, 2011 (GLOBE NEWSWIRE) -- Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (Nasdaq:OMAB) (BMV:OMA), announces that the Board of Directors appointed Porfirio Gonzalez as OMA's new Chief Executive Officer. He replaces Victor Bravo, who is returning to become the CFO of OMA's controlling shareholder, Empresas ICA, S.A.B. de C.V. The changes become effective July 1, 2011.

Porfirio Gonzalez has more than 15 years professional experience in the airports industry. He has been OMA's Director of Airports since 2006. In that position, he was responsible for the relationships of OMA and the airports with federal, state, and local authorities. He also oversaw and coordinated the airport consultative councils of all 13 airports; these councils bring together airport managers, airlines, other airport service providers, and governmental authorities to ensure effective airport operation. From 1998 to 2006, Mr. Gonzalez served as the director of the business division, sub-director of operations and development, and manager of the Monterrey International Airport.  

Bernardo Quintana, the Chairman of OMA and ICA, said, "OMA has benefitted from Victor Bravo's leadership over the past five years. As CEO since 2009, he helped lead the company through a period of great turbulence in the air transport industry, executing a strategic plan that allowed OMA to continue to grow and diversify its business. Previously as CFO, he was instrumental in carrying out OMA's 2006 Initial Public Offering."

Mr. Quintana continued: "The Board is confident that Porfirio Gonzalez is the right person to lead OMA during its next stage of development. He has tremendous knowledge of the industry, proven experience, and he has been a key member of OMA's leadership team since 2006. Porfirio was also a member of the team that negotiated with the Government the new Master Development Plan, or MDP, for the 13 airports for 2011-15. This MDP, which was approved last December, sets a clear path for OMA over the next five years." 

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