Germán Larrea Mota-Velasco
Germán Larrea Mota-Velasco (born July 8, 1941) is a Mexican businessman. He has been Chairman of the Board of Directors, President and Chief Executive Officer of Grupo Mexico (holding) since 1994. He was previously Executive Vice Chairman of Grupo Mexico and has been a member of the Board of Directors since 1981. He has served as Chairman of the Board of the Southern Copper Corporation since December 1999, CEO from December 1999 to October 2004 and as a member of the Board of Directors since November 1999. He has been Chairman of the Board of Directors and CEO of Grupo Ferroviario Mexicano since 1997. He is also Chairman of the Board of Directors and CEO of Empresarios Industriales de Mexico, Compania Perforadora Mexico, Mexico Compania Constructora, and Fondo Inmobiliario since 1992. He also founded Grupo Impresa, a printing and publishing company in 1978, remaining the Chairman and CEO until 1989, when the company was sold. He is also a Director of Banco Nacional de Mexico, which forms part of Grupo Financiero Banamex, Consejo Mexicano de Hombres de Negocios, and Grupo Televisa.
UK investment firm Infund LLP (Infund) has filed a civil lawsuit in Mexico
against Germán Larrea Mota Velasco (Larrea), CEO and controlling shareholder
of Grupo Mexico, SAB de CV (GMexico), and as a result of the lawsuit the court
has frozen seven percent of GMexico’s outstanding equity pending conclusion of
Mexico is well represented in the $10 billion-plus club and German Larrea Mota Velasco and family is the fourth richest in the Latin American country according to Forbes.