Welcome

Thank you for your interest in Mabe. Our Investor Relations site seeks to provide a more comprehensive understanding of Mabe's business and operations.

Corporate Governance Structure

Mabe is a private company owned by a group of Mexican shareholders with 52% of the stake and the remaining belongs to Qingdao Haier

Mabe is managed by a Board of Directors that sets policies and reports our annually results to the shareholders. The Board of Directors currently consists of nine members: five appointed by Mexican shareholders and four appointed by GE Appliances, a Haier Company. All major decisions must be approved by GE Appliances, a Haier Company, and Mexican shareholders. The Board is responsible of setting the company's long term strategies and objectives.

The Board has delegated certain operational, financial and compliance activities to specialized committees with the objective of securing the long-term success of Mabe.

Get to know our Committees

Board of Directors

Executive Committee

The Board of Directors has delegated operational and financial responsibilities to the Executive Committee. The committee has four principal members who meet annually, but can hold working meetings every month. One of the members is appointed by GE Appliances, a Haier Company. Current members of this committee are Luis Berrondo Ávalos, Francisco Berrondo Lagos, Enrique Saiz Fernández and Ronald Griffith. The responsibilities of this committee, among others are the development of the business plan, Mabe's business review and strategic decisions.

Audit Committee

The Board of Directors has delegated the supervision of compliance with our policies and other auditing responsibilities to an Audit Committee. This committee has quarterly official meetings, can hold working meetings every month and has four principal members. One of the members is appointed by GE Appliances, a Haier Company. Current members of this committee are Eduardo Saiz Fernández, Francisco Berrondo Lagos, Fidel Castro and Enrique Saiz Fernández. The responsibilities of this committee, among others, are the evaluation of the continuity of the business and the approval of the annual audits and quarterly results. In addition, this committee supervise the activities of the Internal Audit area and the Security Officer.

Risk Committee

The Board of Directors has delegated risk management to the Risk Committee. This committee has monthly official meetings and has three principal members. Our President and Chief Executive Officer presides this Committee, two members of the Board of Directors with broad experience in risk management techniques, the Chief Financial Officer and the Treasury Corporate Director are also permanent participants. Current members of this committee are Luis Berrondo Ávalos, Eduardo Saiz Fernández and Francisco Berrondo Lagos. The responsibilities of this committee, among others, are the evaluation and control of the risk generated by the exchange rates of the different currencies as well as the interest rates applicable in the group.