ANNUAL REPORT 2010

Jonathan Coles W.
Professor of IESA
Graduate of Yale University, USA; MBA from Venezuela’s Institute of Advanced
Studies in Administration (IESA). Member of the Boards of Mercantil Servicios
Financieros and Mercantil Banco Universal. Director of Mercantil Commercebank,
N.A. and Mercantil Commercebank Holding Corp. Member of the Boards of
Directors of Ferretería EPA, Farmahorro and C.A. Ron Santa Teresa. Was General
Manager, Executive President and Chairman of the Board of Mavesa, S.A.;
Minister of Agriculture; Director of the Central Bank of Venezuela (BCV); and has
lectured extensively at national and international institutions. Publications:
“Reforming Agriculture”, in Lessons of the Venezuelan Experience, Woodrow
Wilson International Center for Scholars and Johns Hopkins University (1995).
“Inequality - Reducing Growth in Agriculture: A Market-Friendly Policy Agenda”,
in Beyond Tradeoffs, Market Reform and Equitable Growth in Latin America,
Inter-American Development Bank (IDB) and the Brookings Institution (1998). J.
Coles and C. Machado, “Trayectoria de las políticas agrícolas venezolanas:
“Aprendizajes y exigencias para el futuro,” in Agronegocios en Venezuela.
Ediciones IESA (2002).
Víctor J. Sierra A.
Director of Valores y Desarrollos VADESA S.A
Degree in Law from Universidad Central de Venezuela (UCV). Currently Director
of Valores y Desarrollos VADESA, S.A., Vice President of Inversiones Capriles and
Member of the Boards of Directors of Mercantil Servicios Financieros and
Mercantil Banco Universal. Formerly Legal Counsel, Legal Representative and
President of Cadena de Publicaciones Capriles and the Capriles group of
companies; Director of Valinvenca, Inversiones Finalven, Sociedad Financiera
Finalven, Servicios Finalven, Banco República, Inversiones Diversas, C.A.
(INVERDICA), C.A. La Electricidad de Caracas and C.A. Venezolana de Guías
(CAVEGUIAS).
Roberto Vainrub A.
Executive Director of Actibienes and of Holding Activalores
PhD in Engineering (UCAB-1999 Summa Cum Laude), Master’s Degree (Stanford
University-1981), Industrial Engineer (UCAB-1978). Professor at IESA since 1977.
Founder of IESA’s Center for Entrepreneurship and its first coordinator. Former
Vice President and Alternate President of IESA, member of the Board of IESA and
the IESA Foundation. He is a full tenured professor at Universidad Católica Andres
Bello where he taught at the School of Engineering from 1982 to 2003 ( Gold
Medal, UCAB). Vainrub began his managerial career in the Marketing
Department of Procter & Gamble. Former partner and Executive Vice President
of the Venezuelan industrial group Frigilux. Was Director of Savings and Loan
Association Prosperar, E.A.P. (1998 - 2002) and Tucarro.com (2003-2008).
Executive Director of Actibienes and of financial group Holding Activalores.
Member of the Boards of Directors of Mercantil Servicios Financieros, Mercantil
Banco Universal and Mercantil Commercebank Holding Corp. Director of
Farmatodo C.A. and President of its Audit and Risk Committee. Vainrub has
authored many books and articles and participated in national and international
conferences. Director of Educrédito, member of the advisory committee of
Conciencia Activa. Former president of the National Association of
Manufacturers of Refrigeration Equipment, director of CAFADAE and member
of the Conciliation and Arbitration committee of the Venezuelan Jewish
community “Union Israelita” in Caracas.
Miguel A. Capriles L.
President of Grupo de Empresas Capriles
Degree in Administrative Sciences from Universidad Metropolitana. President of
Cadena Capriles, Director of the Boards of Mercantil Servicios Financieros.
Director of Mercantil Commercebank Holding Corp.; Chairman of the Board of
Directors of Mantex C.A., Director of H. L. Boulton, S.A.; Member of the Board of
the Institute of Advanced Studies in Administration (IESA); Former Director of
C.A. La Electricidad de Caracas and Cerámicas Carabobo, C. A.
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Alternate Directors
Luis A. Sanabria U.
Legal Adviser to Corporación Palmar
Degree in Law from Universidad Católica Andrés Bello (UCAB); attended
Georgetown University, Washington. Currently Director of Inversiones AEFEVE,
C.A., C.A. Ron Santa Teresa, Constructora Alvo. Alternate Director of the Boards
of Mercantil Servicios Financieros and Mercantil Banco Universal.
Oscar A. Machado K.
President of Siderúrgica Venezolana S.A., SIVENSA
Degree in Industrial Engineering from Universidad Católica Andrés Bello, 1974
First Vice President of the Venezuelan Confederation of Industry (Conindustria)
and of the Board of Directors of IESA. Member of the Boards of Directors of
Instituto Venezolano de Siderurgia (IVES), Aeropuerto Caracas, S.A. and
Venezuela Competitiva. Alternate Director of the Boards of Directors of Mercantil
Servicios Financieros, C.A. and Mercantil Banco Universal. Member of the
Executive Committee of Instituto Latinoamericano del Fierro y el Acero (ILAFA).
Secretary of the Executive Committee of the Venezuelan American Chamber of
Commerce and Industry (VenAmCham) and Adviser to Asociación Venezolana
de Ejecutivos (AVE). Former President of Instituto Latinoamericano del Fierro y
el Acero (ILAFA), Instituto Venezolano de Siderurgia (IVES), Asociación
Venezolana de Ejecutivos (AVE) and Venezuela Competitiva.
Eduardo A. Mier y Terán
President of Desarrollos e Inversiones, S.A.
Degree in Civil Engineering from Universidad Católica Andrés Bello, MSc from
Stanford University. Currently Chairman of the Boards of Caurimare S.A. and
Desarrollos e Inversiones S.A., Director of Moore de Venezuela, S.A., H.L. Boulton
& Co, S.A. and Fundación John Boulton. Alternate Director of Mercantil Banco
Universal and Mercantil Servicios Financieros. Former General Manager of
Inversiones Tacoa, C.A. and President of Educrédito.
Luis Esteban Palacios W.
Founding Partner of law firm Palacios, Ortega y Asociados
PhD in Law from Universidad Central de Venezuela and postgraduate degree
from New York University, MCJ. 1958. Founding Partner of Palacios, Ortega y
Asociados; Director of Fundación Scout; Alternate Director of Mercantil
Banco Universal and Mercantil Servicios Financieros; Vice President of the
Venezuelan Arbitration Committee.
Adviser on corporate law, banking law and capital markets. Has participated
in numerous financing transactions through banking syndicates and Project
financing.
Former member of the Foreign Investment Advisory Council of the
Superintendency of Foreign Investments (SIEX); Director of CANTV, Secretary
of the Board of Directors of the Bar Association of the Federal District of
Caracas and President of Montepío de Abogados de Venezuela. Was Professor
of Labor Law at Universidad Central de Venezuela and assistant to the
President of the Central Bank of Venezuela (BCV).