APPOINTMENT OF GRUMA´S NEW CHIEF EXECUTIVE OFFICER
Monterrey, N.L., Mexico, February 22, 2012 – GRUMA, S.A.B. de C.V. (“GRUMA”) (NYSE: GMK, BMV: GRUMAB), announced today that the Board of Directors unanimously agreed to appoint Mr. Joel Suárez Aldana as GRUMA's Chief Executive Officer. Such appointment was proposed by Mr. Roberto González Barrera, acting Chairman of GRUMA's Board of Directors, and had the favorable opinion of GRUMA's Corporate Governance Committee. This appointment is effective as of the date hereof.
Mr. Suárez joined GRUMA in 1987 and has served in several positions including Chief Financial Officer of Mission Foods from 1994 to 1996, Chief Financial Officer of Gruma Corporation from 1996 to 2010 and Chief Executive Officer of Gruma Corporation since November 2010. During his career in GRUMA, Mr. Suárez has made important contributions to the development of the company's operations in the United States and Europe
Mr. Suárez' successful career prior to GRUMA includes several senior management positions in the banking sector. Mr. Suárez holds a degree in economics and an MBA from The University of Texas
The appointment of Mr. Suárez confirms the company's institutional strengthening and allows it to consolidate its corporate governance, pursuant to international best corporate practices