After years of being involved in a corruption scandal, Alonso Ancira Elizondo ceased to be part of the board of directors of Altos Hornos de México (AHMSA).
Ancira was accused by the current federal government of sell with an extra cost of 200 million of dollars from the Agronitrogenados plant to Pemex and the payment of an alleged bribe of 3.5 million dollars to Emilio Lozoya Austin, director of Pemex at the time.
However, Ancira was released after reaching a reparation agreement with Pemex in which he would pay more than 216 million dollars to dismiss the accusations against him.
In January of this year, President Andrés Manuel López Obrador said that, given the financial problems the company is facing, he would support the firm because of its importance in employment and the economy of the region, but that Ancira should leave the position so that New investors will enter.
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Now, the company reported that during a meeting the resignations of the members of the Board of Directors were ratified and approved: Alonso Ancira Elizondo, Jorge Ancira, José Eduardo Ancira, James Pignatelli, Juan Carlos Quintana Serur, secretary of the body, and Francisco Pérez Ortega , deputy secretary.
With the accreditation and presence of representatives of 62 percent of the company’s capital stock, the ordinary meeting of Altos Hornos de México was constituted, in which it was agreed to complete the process of entry of new share capital, in the terms established with Argentem Creek Partners, the company added.
Likewise, the proposal for the integration of the new Board of Directors of ten members, headed by Eugene Irving Davis, as president, and the directors Mario Fernando Espinosa, Steven Donald Scheiwe, John Abbot, Juan Williams Ponder, Timothy Bernlohr, Johannes Sittard, Leopoldo Burillo, Luis Zazueta, Xavier Autrey and Andrés González Saravia-Coss, as secretary.
In addition, it was ratified in the General Directorate of Blast Furnaces de México and Subsidiaries engineer Luis Zamudio Miechielsen, who will be in charge of the operational reactivation of the company.
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