Cox CEO appointment and business restructuring, Digi Mart USA News (Mexico City): Cox, a company of Spanish origin, has reorganized its business structure and appointed Patxi Sáez as CEO of the group to lead its new phase of growth, according to a company statement cited by the publication.
The board of directors of Cox Infrastructure Group approved the decision to lead the growth and development phase in the United States, Mexico and Latin America. In the statement, Enrique Riquelme said the reorganization of the leadership and business structure will strengthen the group’s leadership and set the foundations for a strategic proposal focused on markets with the greatest growth opportunities.
Sáez will prioritize profitable growth, reinforce operational excellence, improve execution across its investment, construction and services businesses, and adapt the organization to the company’s current ambition and scale. He has 25 years of experience in the energy and infrastructure sector, including serving as SVP of technical and project execution at ACWA Power and as chairman and CEO of AI Toukhi in Saudi Arabia.
Sáez said he is committed to strengthening the company’s execution capabilities and building a more effective, integrated organization close to its priority markets. The business structure is now organized around three distinct divisions: Cox México, Cox Latam and Service Co.
Cox México will concentrate the group’s activity in Mexico, which has become its main strategic market following the acquisition of Iberdrola México. This division will manage energy generation and marketing assets and businesses, as well as develop new investment opportunities in energy and water infrastructure.
Based in Panama, Cox Latam will oversee the development, investment and management of critical water and energy infrastructure in the rest of Latin America. The company said it will pursue new concession projects and long-term investment opportunities in markets including Chile, Brazil, Ecuador, Peru, Colombia and Central America.
The third division, Service Co, will be headquartered in Seville and will handle engineering, procurement and construction (EPC) activities, as well as operation and maintenance (O&M) of infrastructure.
