New Vitro CEO Targets Costs

New Vitro CEO Targets Costs

People Corporate & Sovereign Strategy

Mexican glassmaker Vitro has named Hugo Lara as the new CEO, saying it “is taking the necessary measures in order to embrace the current worldwide financial situation”. Lara says he will immediately focus on a cost and expenses reduction program, as well as an organizational restructuring process in order to strengthen Vitro’s financial position and liquidity. He also plans to review all business unit’s plans, in order to assure their viability. Lara was previously Parmalat’s Mexico CEO and has

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