Panrico Board adopts measures to ensure the Group viability
- Carlos Gila appointed new first executive to undertake restructuring
The Board of Panrico, the food company specialized in pastry products and sliced bread, has appointed the economist and lawyer Carlos Gila, as first executive of the company.
Carlos Gila is a restructuring expert, member of Panrico Board, graduated by Harvard School and associate professor at IE Business School. He has been, among other positions, Executive Vice President of La Seda Barcelona, and board member of Azucarera Ebro Agrícolas.
From his new position, Carlos Gila will work closely with Panrico management team in order to provide the necessary instruments which must allow the implementation of a business plan that will guarantee the future of the Group in the middle of a very complicated market context.
This business plan will need support from employees, suppliers, customers and financial entities, and requires being flexible enough to adapt the company to the hard market conditions.
During the whole process consumers will continue receiving the product in the same way Panrico has been doing since 1962.