Lala names CFO

Lala names CFO

Mexican food company Grupo Lala has appointed Alberto Arellano Garcia as its new chief financial officer. 

Garcia has more than 20 years' experience in consumer goods companies, and has held various positions in different countries such as, Russia, Belgium, France, Venezuela and the US. Most recently, he was CFO at Microsoft Corporation Mexico.

Lala said his relevant experience includes SAP implementation projects, the acquisition and integration of new businesses, strategic planning and competitive intelligence. 

Garcia is an industrial engineer from Anahuac University in Mexico, and has a Master's in engineering management. 

Last month, Lala attributed higher sales and earnings to its drive to expand via M&A as well as geographical growth. Lala flagged progress on two initiatives: the conclusion of an agreement to acquire the branded business of Laguna Dairy Company in the US and expansion in Costa Rica via a tie up with Florida Bebidas for the production, distribution and sale of its products in the country.