After 30 years directing the destinies of Arcor, Luis Pagani retires as CEO and president of the Cordoba multinational and will focus on personal issues.
The decision is part of a natural executive replacement process within the family that owns the Cordovan company, which leads the local and international candy market.
Luis Pagani is no longer president of Arcor: who will replace him?
in his replacement He will be succeeded by his brother, Alfredo Pagani, who since 2005 has held the position of Vice Presidentsince it will now be occupied by Mario Enrique Pagani.
The new president will be accompanied by a newly appointed executive team and is composed of Daniel Martin and Modesto Magadánin the positions of corporate director and general business manager, respectively.
In the case of Luis Pagani, as a farewell, he sent an emotional letter via email to Arcor employees who, between direct staff and collaborators, number 20,000 worldwide.
“I approach you to share that, After more than 30 years as President and CEO of the Arcor Group and, respecting the provisions of the group’s standards, a new stage and a process of renewal in the company’s leadership begins. with a new conformation in its directory”, the businessman begins his letter.
After 30 years as president of Arcor, Luis Pagani will give his place to his brother, Alfredo.
Luis Pagani’s letter to Arcor employees
Also, anticipate that As of May, he will be leaving his role in running the company and confirms that his brother Alfredo will assume as president of Arcor, accompanied by a new structure that the company is about to communicate.
“I thank each one of the people who have been close to me in all these years and who, with their commitment, have made it possible for Arcor to become a leading multinational group, present in more than 100 countries. This was the dream of the founders and we are coming true,” he adds.
He also recalls the “great challenges” that Arcor had to face in all its years of life as a multinational group. “We grew, we learned and the most important thing is that the road always found us united”he added.
Personally, he points out that he worked “day by day with passion.” And he assured: “I enjoyed the visits to plants and offices around the world and the contact I had with you.”
In the same way, he hopes “to have been able to convey to them the importance of working from the heart and as a team, with the ethics that characterizes us, generating bonds of trust and closeness.”
Luis Pagani is convinced that led by his brother “Arcor will continue to consolidate the path of growth and expansion as a sustainable companyfacing a world full of opportunities”.
Arcor was born in 1951, manufacturing candies, and today it operates in more than 100 countries.
Pagani ends his letter by inviting all employees “to continue building the future we dream of, working with the passion and entrepreneurial spirit that makes us unique and is in our DNA”.
During his tenure, Pagani must also have been one of the main references in the business world before different governments, such as the current one, with which he he had to deal with a series of controversial measures taken by the management of the Frente de Todos to freeze prices or launch official food baskets such as Fair Prices or Careful Prices.
Arcor, the global food giant, changes its board of directors
He had an active participation in the expansion of Arcor, which began its activities in 1951 making candies and currently reaches more than 100 countries, through its three business divisions, with which it operates more than 45 plants in Latin America:
- Mass consumption foods.
- Agribusiness.
- Packaging.
It is the main food company in Argentina and the largest producer of hard candies in the world and its annual turnover reaches US$4,000 million.
In addition to all their brands of candy, they also owns La Campagnola, among others, and is the largest shareholder of the Mastellone Hermanos dairy companyowner of the La Serenísima brand.
Arcor operates in three business models and is part of various companies in the food industry.
It is also a leader in the region through Bagley Latinoamérica SA, with this partnership formed with the Danone Group for the biscuit, alfajores and cereal businesses. It produces a wide variety of products in eight industrial plants.
Furthermore, it is considered the largest exporter of sweets in Argentina, Chile and Peru and it is the most important company in the region in production capacity, sales and brand development.
It has an agribusiness division, which was created in 2021 with the aim of adding value to the agro-industrial processes of different industries.
It provides ingredient solutions for industries such as food, beverage, paper, corrugated, home and personal care, and animal nutrition.
In 2021, it created a strategic alliance with Ingredion, a leading global ingredient company since 1906, with the aim of developing solutions for the production of ingredients and agribusiness in Argentina, Chile and Uruguay.
Its Packaging division leads the corrugated cardboard, paper and flexible packaging markets in Argentina, is one of the most important in the Southern Cone and has industrial plants in Argentina, Chile and Peru through the brands Cartocor, Converflex, Zucamor, Puntapel and Missionary Paper.
