Grupo Peña Verde has an 18-tier hierarchical structure, where senior executives are placed at 16 (department heads), 17 (subsidiary executive officers) and 18 (corporate executive officers).
As of the date of this report, the Group’s senior executives are as follows:
Manuel Santiago Escobedo Conover
CEO of Grupo Peña Verde
Career at Peña Verde: Mr. Manuel Escobedo has been CEO of Peña Verde since 2013, after serving as Chief Executive Officer of Reaseguradora Patria for 10 years. Mr. Escobedo joined Peña Verde in 1997.
Academic and Professional Background: Mr. Escobedo holds a law degree from Mexico Autonomous Institute of Technology (ITAM, for its Spanish acronym), graduated with honors, and a Master in Business Administration from the Ecole des Hautes Etudes Commerciales (HEC) in Paris. After collaborating as a lawyer in the Noriega and Escobedo law firms, Mr. Escobedo has dedicated most of his career to work in the Reinsurance industry, highlighting his participation as President of the Mexican Association of Insurance Institutions (2017-2020), an organization of which he has been a member since 1998. Also, he has served as a Director of the Board and/or as member of certain committees in the following organizations: Institute of International Finance, Mexican Association of Guarantee Institutions, Mexican Business Coordinating Council (CCE, for its Spanish acronym), Alternative Insurance Company, among others.
Andrés Millán Drews
Vice President of the Asset Management and Financial Strategy Division
Career at Peña Verde: Mr. Millán joined Peña Verde as Vice President of Asset Management and Financial Strategy Division on November 1, 2019.
Academic and Professional Background:With a degree in Business Administration from the Universidad de los Andes (Colombia) and a Master in International Finance from the University of Amsterdam, Mr. Millán has a vast experience in the financial sector, including work in investment funds and development banking in Colombia; a number of positions in Rabobank International of the Netherlands where he served as Vice President for Southern Europe and Latin America. It is also worth mentioning his successful career at IFC, member of World Bank Group, where he climbed various positions in the Investment Department until becoming Chief Investment Officer.
Thomas James Cunningham
Vice President of the Reinsurance Division
Career at Peña Verde: Mr. Cunningham joined Pena Verde as Vice President of the Reinsurance Division in July 2018.
Academic and Professional Background: Reinsurance industry expert and strategic executive leader with extensive experience in building and developing high-performance teams specializing in the Latin America and the Caribbean markets. Mr. Cunningham has over 25 years of experience in the reinsurance sector, where he has excelled in delivering results and leading high-performance teams in different contexts. He began his career as broker at Wilcox Johnson & Higgins London England and later worked at Guy Carperter & CO LLC, as director for Latin America and the Caribbean, in the London and Miami offices.
Francisco Fernando Martínez Cillero
CEO of Reaseguradora Patria (Mexico and Chile)
Career at Peña Verde: Mr. Francisco Martínez has had a dynamic career at Reaseguradora Patria, where he joined in 2011 as an intern/actuarial analyst, served as a quality specialist (as an associate of Servicios Corporativos Peña Verde) and in 2013 assumed administrative functions as Director. In February 2019, he was appointed Deputy Chief Executive Officer and in April 2021 assumed the position of Chief Executive Officer, both at Reaseguradora Patria.
Academic and Professional Background:Mr. Martínez holds a degree in Actuarial Science. He has spent most of his career at Peña Verde and is also a founding partner and Chairman of the Board of Directors of Fondo de Energía Ilimitada S.A.P.I. de C.V.; Fondo Revolvente 2MAZ S.A.P.I. de C.V.; and RIKAFRAN S.A. de C.V.
René González Gonález
Corporate Director of the Business Support and Transformation Division
Career at Peña Verde: Mr. René González has been Corporate Director of Peña Verde’s Business Support and Transformation Division since January 2020. Prior to his appointment, he performed as Head of Planning and Chief of Staff (2018 to 2020).
Academic and Professional Background: With a degree in Financial and Actuarial Economics from ITAM, Mr. González has experience in both private and public sectors. In the private sector, he worked at MetLife, where he was promoted from financial risk specialist to head of Strategic Planning and later became Director of Valuation, Planning and Strategic Projects at the Mexican Department of Labor and Social Welfare.
Fernando Álvarez Del Río
CEO of the Insurance Division
Career at Peña Verde: Mr. Álvarez joined Peña Verde as CEO of General de Salud in 2017 and as of 2021 he serves as CEO of the Insurance Division.
Academic and Professional Background: Mr. Álvarez holds a bachelor’s degree in Economics from Trent University and a master’s degree from McMaster University. Fernando Álvarez has more than 10 years of experience in the insurance industry, having held strategic roles within Mexico’s Secretariat of Health and the National Insurance and Bonding Commission. For 4 years he served as CEO of General de Salud at Grupo Peña Verde.