NEWS

Appointment of the new co-president of Habanos, s.a.

On February 8th , the appointment of Mr. Jorge Luis Fernández Maique as new Co-President of Habanos, S.A. was announced.

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Mr. Jorge Luis Fernández Maique replaces Mr. Oscar Basulto Torres, who will continue as President of the Tabacuba Entrepreneurial Group, organization that groups all the enterprises linked to the tobacco sector in Cuba, including Habanos, S.A.

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Mr. Fernández Maique, 47 years old, graduated in International Economic Relations has worked in the tobacco sector for more than twenty years. His experience includes more than eight years as Export Director for Tobacco Leaf and six years as President of the Coprova enterprise, the exclusive distributor of Habanos in France.

Upon taking over, Mr. Fernández Maique stated:

“I assume the Co-Presidency of Habanos, S.A. after the year 2010 in which, in spite of the difficulties in certain markets and the legal restrictions on consumption in many countries, the turnover of Corporación Habanos, S.A. has grown by 2%. We trust that this growth can be maintained in 2011, and that the dynamism in the presentation of new products being evidenced by Habanos, S.A. may contribute to consolidate this trend.”

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