GENOMMA LAB ANNOUNCES CEO TRANSITION
COMPANY BEGINS A NEW STAGE OF ACCELERATION
The transition has been structured to ensure full continuity through year-end.
"As I move on to new projects, I am proud of what we have built at Genomma and confident in Rodrigo Herrera's leadership as Genomma enters its next phase," said
The financial discipline established in recent years is deeply embedded in Genomma's operating processes and decision-making framework and will remain a core principle during
Genomma Day will be held in
Over this period, the Company's efforts will concentrate on three priorities:
- Extending the new launch model across the brand portfolio and the Company's 18 countries.
- Embedding the artificial intelligence platform across the Company's operations.
- Building new businesses on Genomma's platform through brands, products and technologies from potential partnerships.
"Artificial intelligence changes the speed at which Genomma decides, launches and executes. I am returning as CEO for a defined period to bring that change to the entire Company and to hand over a stronger organization with more durable systems and processes, ready for its next leader. I thank Marco for his leadership; we will work together throughout the transition," said
"Rodrigo founded Genomma with an innovative approach to building consumer health brands, and innovation has remained at the core of his leadership for nearly three decades. His deep understanding of The Company's markets, brands, consumers and business model makes him uniquely positioned to lead this next phase, as we combine that entrepreneurial mindset with AI to transform how Genomma innovates and executes, while the Board actively conducts the search for the Company's long-term Chief Executive Officer," said
About Genomma Lab Internacional
Genomma Lab Internacional, S.A.B. de C.V. is one of the fastest growing pharmaceutical and personal care products companies in Latin America. Genomma Lab develops, sells and markets a broad range of Premium branded products, many of which are leaders in the categories in which they compete in terms of sales and market share. The Company has a sound business model through a unique combination of a new product development process, consumer oriented marketing, a broad retail distribution network and a low‐cost, highly flexible supply chain operating model. For more information visit: www.genommalab.com
Genomma Lab's shares are listed on the Mexican Stock Exchange under the ticker "LABB" (Bloomberg: LABB:MM).
Note on Forward-Looking Statements
This report may contain certain forward-looking statements and information relating to the Company that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like "believe," "anticipate," "expect," "envisages," "will likely result," or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation and in oral statements made by authorized officers of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Risks and uncertainties include, but are not limited to: risks related to the impact of the COVID-19 global pandemic, such as the scope and duration of the outbreak, government actions and restrictive measures implemented in response, material delays, supply chain disruptions and other impacts to the business, or on the Company's ability to execute business continuity plans as a result of the COVID-19 pandemic, economic factors, such as interest rate and currency exchange rate fluctuations; competition, including technological advances, new products attained by competitors; challenges inherent in new product development; the ability of the Company to successfully execute strategic plans; the impact of business combinations and divestitures; manufacturing difficulties or delays, internally or within the supply chain; significant adverse litigation or government action, including related to product liability claims; changes to applicable laws and regulations, including tax laws; changes in behavior and spending patterns of purchasers of products and services; financial instability of international economies and legal systems and sovereign risk. A further list and descriptions of these risks, uncertainties and other factors can be found within the Company's related filings with the Bolsa Mexicana de Valores. Any forward-looking statement made in this release speaks only as of the date of this release. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
View original content:https://www.prnewswire.com/news-releases/genomma-lab-announces-ceo-transition-302881278.html
SOURCE Genomma Lab Internacional, S.A.B. de C.V.
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