SM SAAM aims to ensure that its corporate governance operates smoothly through the adoption and implementation of good corporate governance practices, contained in NCG No. 461 (formerly NCG No. 385) of the CMF, which is reviewed annually with the Directors’ Committee and the Board of Directors. Furthermore, the company has a comprehensive compliance model, with solid Risk Management and Internal Audit units, which have been audited, as well as a Compliance Department and a Crime Prevention Officer.
Board of Directors
Corporate Governance
Board of Directors
According to the bylaws of Sociedad Matriz SAAM S.A., corporate governance is made up of seven board members elected by shareholders at the annual general meeting. There are no alternate directors. The most recent board election was held on April 9, 2021, where all the current board members were reelected for the 2021-2024 term.
Degree in business administration from Pontificia Universidad Católica de Chile.
Other current positions: He currently sits on the boards of Hapag-Lloyd AG, Nexans and Invexans S.A., and is Chief Executive Officer of Compañía Sud Americana de Vapores S.A.
Prior experience: From 2002 to 2011, he managed the Luksic family’s business in Croatia, mainly in the tourism and real estate sectors. Before that, he was an executive at Michelin in France and Chile.
Other current positions: He currently sits on the boards of Hapag-Lloyd AG, Nexans and Invexans S.A., and is Chief Executive Officer of Compañía Sud Americana de Vapores S.A.
Prior experience: From 2002 to 2011, he managed the Luksic family’s business in Croatia, mainly in the tourism and real estate sectors. Before that, he was an executive at Michelin in France and Chile.
Degree in business administration from Pontificia Universidad Católica de Chile. He formerly served as CEO of Banco de Chile (2001-2007) and Banco de A. Edwards (2000-2001). Before that, he was Commercial Manager of Banco de Santiago (1995-1999) and Corporate Manager of Banco de Santiago (1999-2000). He currently sits on the boards of CCU and Empresa Nacional de Energía Enex and, as of 2023, is vice chairman of Compañía Sud Americana de Vapores S.A. He is chairman of the boards of Banco de Chile, Banchile Administradora General de Fondos S.A., Banchile Asesoría Financiera S.A., Socofin S.A., Viña San Pedro Tarapacá S.A., and Quiñenco S.A., which he joined in 2019 as a director, as well as chairman of the Executive Committee of Banchile Corredores de Seguros Limitada.
Degree in industrial engineering with a major in chemistry from Pontificia Universidad Católica de Chile (PUC) and advanced studies in business administration (ESAE) from the PUC School of Economics and Administration. He also completed the Advanced Management Program (AMP) at the Fuqua School of Business at Duke University. He has served on the board and the Directors' Committee of Cencosud Shopping S.A., since 2019. Previously, he was a director of Empresas CMPC S.A. (2015-2022), Australis Seafoods S.A. (2011-2020) and Enersis S.A. (2010-2015). Before that, he was CEO of Corporación de Educación y Capacitación de la Sociedad de Fomento Fabril (2010-2014), CEO of Petrobras Chile Petrolera Limitada (2006-2010), Executive Director of Gas and Energy Businesses for Petrobras Energia Argentina (2002-2006), Director of the Gas and Electricity Unit for PECOM S.A. (1997-2002), CEO of Empresa Eléctrica Guacolda S.A. (1995-1997) and CEO of Central Puerto S.A. in Argentina (1992-1995).
B.Sc. from the London School of Economics and Political Science in the UK.
Other current positions: Chairman of the boards of Antofagasta plc and Antofagasta Minerals S.A.
Vice Chairman of Quiñenco S.A. Banco de Chile Director. Member of the board of the Chilean Mining Council (Consejo Minero de Chile
A.G.).
Other current positions: Chairman of the boards of Antofagasta plc and Antofagasta Minerals S.A.
Vice Chairman of Quiñenco S.A. Banco de Chile Director. Member of the board of the Chilean Mining Council (Consejo Minero de Chile
A.G.).
Degree in civil industrial engineering from Universidad de Chile and postgraduate studies in business administration from the same university.
Other current positions: Member of the boards of Stars Investments Ltda., Marsol S.A., Sevilla Inversiones S.A.
Prior experience: Member of the board of Walmart Chile S.A. Co-founder and executive director of Viña Anakena S.A. Executive Director and founder of Viña Porta S.A. Executive Director and founder of Productora y Exportadora de Frutas Agrícola San Isidro S.A. Board member of Pesquera Chile Mar S.A.
Deputy CEO of Pesquera Iquique S.A. and Operations Manager of Pesquera Eperva S.A.
Other current positions: Member of the boards of Stars Investments Ltda., Marsol S.A., Sevilla Inversiones S.A.
Prior experience: Member of the board of Walmart Chile S.A. Co-founder and executive director of Viña Anakena S.A. Executive Director and founder of Viña Porta S.A. Executive Director and founder of Productora y Exportadora de Frutas Agrícola San Isidro S.A. Board member of Pesquera Chile Mar S.A.
Deputy CEO of Pesquera Iquique S.A. and Operations Manager of Pesquera Eperva S.A.
Degree in business administration from Pontificia Universidad Católica and an MBA from the University of Chicago.
Other current positions: He began working for the Luksic Group in 1991 and has been Chief Executive. Officer of Quiñenco S.A. since 1998.
He is Chairman of Compañía Sud Americana de Vapores S.A., Empresa Nacional de Energía Enex S.A., Invexans S.A. and Tech Pack S.A., as well as a member of the boards of Banco de Chile, Nexans and CCU, among other companies.
Prior experience: CEO of Compañía Cervecerías Unidas S.A., CEO of Citicorp Chile and Vice President of Bankers Trust in Chile.
Other current positions: He began working for the Luksic Group in 1991 and has been Chief Executive. Officer of Quiñenco S.A. since 1998.
He is Chairman of Compañía Sud Americana de Vapores S.A., Empresa Nacional de Energía Enex S.A., Invexans S.A. and Tech Pack S.A., as well as a member of the boards of Banco de Chile, Nexans and CCU, among other companies.
Prior experience: CEO of Compañía Cervecerías Unidas S.A., CEO of Citicorp Chile and Vice President of Bankers Trust in Chile.
Degree in civil engineering with a minor in transportation from Pontificia Universidad Católica de Chile and a master’s degree in economics and business management from IESE Business School, Universidad de Navarra in Spain.
Other current positions: Member of the board of Echeverría Izquierdo S.A. Member of the board of Forus S.A. Member of the board of Eléctrica Cipresillos SpA. Member of the board of Inmobiliario Cerro Apoquindo Limitada.
Prior experience: Partner and board member of South Andes Capital SpA. Member of the board of Sonda S.A. Independent Board Member of Sociedad de Inversiones Oro Blanco S.A. and Salfacorp S.A. Member of the boards of Sopraval S.A. and Laboratorio Chile S.A.
Deputy Manager of Finance and International Investments at Empresas CMPC S.A. Analyst at BICE Chileconsult and NM Rothschild & Sons Ltd.
Other current positions: Member of the board of Echeverría Izquierdo S.A. Member of the board of Forus S.A. Member of the board of Eléctrica Cipresillos SpA. Member of the board of Inmobiliario Cerro Apoquindo Limitada.
Prior experience: Partner and board member of South Andes Capital SpA. Member of the board of Sonda S.A. Independent Board Member of Sociedad de Inversiones Oro Blanco S.A. and Salfacorp S.A. Member of the boards of Sopraval S.A. and Laboratorio Chile S.A.
Deputy Manager of Finance and International Investments at Empresas CMPC S.A. Analyst at BICE Chileconsult and NM Rothschild & Sons Ltd.
