MEXICO CITY--(BUSINESS WIRE)--Private fund management company Fortem Capital have appointed Yusef Atiyeh Navarro as their new CEO.
Mr Atiyeh joins the business from supermarket giant, Organizacion Soriana, where he was Director of Real Estate Development, Construction and Technology Innovation. He was with the retail group - Mexico’s second-largest supermarket chain - for the last 22 years and oversaw its extensive growth.
The appointment is part of the growth plan at Fortem Capital, which specialises in real estate investment programs across Mexico. Launched earlier this year, the firm has already helped develop a series of hotels, as well as commercial and health projects.
Founder and previous CEO Miguel Sanchez Navarro Madero, will also take up a new role - Chairman of the Board - with immediate effect.
An experienced real estate developer and investment fund manager, Mr Miguel Sanchez Navarro was the founder of Grupo IPB, and helped develop commercial properties including, Via Vallejo and Plaza Chimalhuacán, Plaza Peninsula. He also developed an important Auto Dealer Group in Mexico; IPB Autos, working with major brands Honda, Toyota, BMW, KIA, Hyundai, GM, Suzuki.
Speaking about the changes, Mr Sanchez Navarro said they are ready for the start of a new growth plan for the business with Fortem Capital. He explained: “We are delighted to welcome Mr Atiyeh to the company and know he will be an asset during this exciting time.
“He brings with him a wealth of experience working with one of Mexico’s most respected businesses - and we look forward to seeing how he helps to strengthen Fortem Capital’s future.”