LIMA, Peru In a notable transition that marks both an end and a new beginning, Cementos Pacasmayo S.A.A. (NYSE: CPAC; BVL: CPACASC1), a leading player in the cement industry, announced today that Mr. Manuel Ferreyros, the company s Chief Financial Officer (CFO) since 2008, will step down from his role on March 31, 2025. This decision is the culmination of a well-structured succession process that the company initiated two years ago, highlighting its commitment to strategic leadership planning and organizational stability.
Over the past 17 years, Mr. Ferreyros has been an integral part of Cementos Pacasmayo s success story. His tenure has been characterized not just by financial stewardship but also by an embodiment of the values that define the company. The board of directors and the management team at Cementos Pacasmayo expressed profound gratitude for Mr. Ferreyros’s commitment, professionalism, and dedication to the company’s mission and goals.
Manuel Ferreyros has been an outstanding CFO, and his contributions to our organization have been immeasurable, said a spokesperson representing the board. He has navigated us through both prosperous and challenging times, and we are incredibly proud of his accomplishments. His ability to manage our financial complexities while aligning them with our strategic priorities has helped position Cementos Pacasmayo as a leader in our market.
The planned transition comes with promises of a seamless handover. Cementos Pacasmayo understands that leadership transitions can often lead to uncertainty, particularly in key roles such as the CFO, which is critical to the company s financial integrity and operational performance. To mitigate potential disruption, the company has meticulously curated a succession plan that ensures a comprehensive transfer of knowledge and responsibilities, thereby maintaining continuity in leadership.
Succession planning is a vital part of our governance framework, the spokesperson added. It enables us to identify internal talents and prepare them for future leadership roles. We have already begun the process of grooming potential candidates who can step into the CFO position, each of whom will bring fresh perspectives while upholding the legacy of excellence that Mr. Ferreyros has established.
Cementos Pacasmayo, founded in 1949, has firmly positioned itself as a cornerstone of infrastructure development in Peru, contributing significantly to economic growth through its provision of high-quality cement products. The company places great emphasis on sustainable practices, innovation, and professionalism principles that Mr. Ferreyros has greatly exemplified during his time in charge of financial decisions.
As the company prepares for the transition in its financial leadership, stakeholders, including employees, investors, and partners, can take solace in the structured approach taken during this important change. Cementos Pacasmayo remains committed to ensuring that its financial operations are aligned with its long-term strategic goals, thus reinforcing investor confidence and organizational effectiveness.
Looking ahead, the company is poised to continue its trajectory of growth and sustainability, all while honoring the contributions of its outgoing CFO, Mr. Manuel Ferreyros, whose legacy will undoubtedly resonate within the organization long after his departure. The announcement of his resignation, though bittersweet, marks a moment of reflection on the progress made and optimism for the future leadership of Cementos Pacasmayo.
Cementos Pacasmayo is dedicated to a smooth transition and looks forward to announcing the successful candidate for the CFO position in due course. The company’s commitment to excellence and its strategic foresight will ensure that its financial foundation remains solid as it navigates the exciting challenges of tomorrow.
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