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Adolfo Castro Assumes CEO Position At ASUR; Fernando Chico Pardo Remains Chairman

Stocks in this article: ASR

MEXICO CITY, May 26, 2011 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR) the first privatized airport group in Mexico and operator of Cancun Airport and eight other airports in southeast Mexico announced that Mr. Adolfo Castro was named Chief Executive Officer effective June 1, 2011. Mr. Fernando Chico Pardo, the current Chairman and CEO, will remain Chairman of the Company and President of the Nominations and Compensation, Operations, and Acquisitions and Contracts Committees.

The Company's Board of Directors received and accepted Mr. Fernando Chico Pardo's resignation as Chief Executive Officer and approved the proposal presented by its Nominations and Compensations Committee to name Adolfo Castro to the position of Chief Executive Officer.

ASUR's Board of Directors expects to name a new Chief Financial and Strategic Planning Officer shortly. In the interim, Mr. Castro will continue to oversee the financial and strategic planning areas of the Company.

Adolfo Castro, 46, joined ASUR in January 2000 as Chief Financial Officer. Prior to joining ASUR, Mr. Castro was Director of Finance and Administration of Ferrocarril del Sureste S.A. de C.V. Mr Castro was also Chief Financial Officer of Netcapital, S.A. de C.V., Director of Finance of Grupo Mexicano de Desarrollo, S.A. de C.V., Finance Manager of Grupo ICA S.A.B. and an auditor and consultant with Coopers & Lybrant.  

Mr. Fernando Chico Pardo, Chairman of the Board of Directors, commented: " I am pleased to welcome Adolfo Castro to his new position as Chief Executive Officer. He is an experienced and talented leader who has led the Financial and Planning function since the Company's privatization. He has been instrumental in making ASUR the strong, successful and widely recognized company that it is today."

Mr. Castro said: " It is an honor for me to have been selected as the Company's CEO. I am very encouraged by the prospects for future growth and the opportunity we see to advance our position in Mexico and the Latin American airport market and to continue to capitalize on our core strengths."

About ASUR:

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. The Company is listed both on the Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) series B shares.

SOURCE Grupo Aeroportuario del Sureste, S.A.B. de C.V.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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