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CEO of embattled Mexican builder ICA quits - sources

Published Tue, Feb 23, 2016 · 09:50 PM
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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.

Both sources said that veteran company executive Luis Zarate would now be appointed CEO, while one of the sources said that current co-chief executive Alfonso …

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