GUADALAJARA, Mexico, June 6, 2023
/PRNewswire/ -- Betterware de México, S.A.P.I. de C.V. (Nasdaq: BWMX)
("Betterware" or "The Company") announced that Mrs. Mari Loli
Sánchez Cano has been appointed as Independent Director to the
Company's Board, effective May 15,
2023. Following Mrs. Sánchez Cano appointment, the Board
will include 11 members possessing a broad range of experience and
capabilities from finance and strategy, to digital and marketing.
Eight of the eleven Board members are Independent Directors.
Luis G. Campos, Executive
Chairman of the Board, stated, "We are very pleased to welcome
Mari Loli to our Board. She is a
proven leader with over 32 years of experience within Jafra and 16
as Jafra's CEO. We look forward to benefitting from Mari Loli's expertise in business and market
development. She has exceptional strategic capabilities; her
experience is expected to be highly valuable to Betterware
Group."
Mrs. Mari Loli has extensive
experience in the media and the direct selling industry. She joined
Jafra Mexico in 1991 as a sales trainee. Before assuming the
Presidency of the Company in 2007, she held management and
executive positions in the sales and communication departments. In
2017, she received the recognition "The Most Trusted CEO" from the
Great Place to Work organization in the category of 500 to 5
thousand employees of multinational companies, in recognition of
his conviction to make diversity, inclusion, and empowerment the
strategic axes of Jafra. Mari Loli
has a B.A. in Communication from the Universidad
Iberoamericana.
About Betterware
Founded in 1995, Betterware de México is the leading direct-to-consumer
company in Mexico focused on
offering innovative products that solve specific needs regarding
organization, practicality, space saving and hygiene within the
household. With the acquisition of JAFRA on April 7, 2022, the Company now offers a leading
brand of Direct Selling in the Beauty and Personal Care products
industry in Mexico and
the United States where it offers
Fragrances, Color & Cosmetics, Skin Care and Toiletries. The
combined company possesses an asset-light business model with low
capital expenditure requirements and a track record of strong
profitability, double digit rates of revenue growth and free cash
flow generation. Today, the Company distributes its products in
Mexico and Guatemala, and with its recent acquisition, it
now has gained presence in the United
States through JAFRA's portfolio of products.
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SOURCE Betterware de México, S.A.P.I. de C.V.