Daniel Salazar Ferrer has been designated as the secretary of the board of directors for Industrias Bachoco.
Ferrer will assume the board secretary’s duties in addition to serving as Bachoco’s chief financial officer (CFO).
Ferrer’s appointment was approved during the company’s shareholder meeting, held on September 22, the company announced in a press release, issued on the following day.
An employee of Industrias Bachoco since 2000, Ferrer has served as the company’s CFO since January 2003. Prior to working for Bachoco, he was the chief financial officer at Grupo Covarrubias and comptroller at Negromex, a company of Grupo Desc.
He holds an accounting degree from Universidad Tecnologica de Mexico, a master’s degree in Business Administration from ITESM, and a Diploma from the IPADE (A-D2).
Industrias Bachoco was founded in 1952 and became a public company in 1997, offering shares on the Mexican and New York Stock Exchanges. It trades under the ticker BACHOCO in Mexico and BMV in the United States. Bachoco owns and manages more than a thousand facilities, organized in nine production complexes and more than 80 distribution centers in Mexico, and a production complex in the United States. Currently, the company employs more than 29,000 people.
Headquartered in Celaya, Mexico, Industrias Bachoco is Mexico’s largest poultry producer and the tenth largest in the world. Its subsidiary, O.K. Foods, is the 17th largest poultry company in the United States. Industrias Bachoco also ranks as the second largest egg producer in Mexico and the 12 largest egg production company in the world, according to the WATT Poultry International Top Companies survey.
As a feed producer, Bachoco ranks as the 25th largest in the world, producing nearly 4.3 million metric tons of animal feed annually. It is also Mexico’s largest feed producer, producing poultry, pig, ruminant animal and aquaculture feed.