CEO of embattled Mexican builder ICA quits - sources
Mexico City
ALONSO Quintana Kawage, chief executive of Mexico's cash-strapped construction company ICA, is leaving his post, two sources familiar with the matter said, as the company struggles to renegotiate its multi-billion dollar debt load.
The move is part of a wider restructuring aimed at regaining investor confidence after the company's steep slump into debt and a cash crunch under Mr Quintana, the grandson of ICA's founder and who became CEO in 2012.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Hybrid, flexible working set to curb Singapore office usage and rents
Australia home prices sustain growth in April, CoreLogic says
New York City’s rent-stabilised tenants face third year of price hikes
New Zealand house prices dip for first time in 8 months
Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million
Strained Chinese cities struggle to pay home-buying subsidies