Board of Directors

  • CMPC business activities are overseen by the Board of Directors of Empresas CMPC.
  • The CMPC bylaws require that the Board of Directors be comprised of nine members.
  • Elections for all Board Members are held every three years by the shareholders.
  • The CMPC senior executives are appointed by the Board and perform their functions in accordance with the Board's directives.
  • The Board meets once a month to evaluate the Company performance and make decisions regarding its future development. 
Portrait

Luis Felipe Gazitúa, Chairman

Luis Felipe Gazitúa studied Business and Administration at the Universidad de Chile. In 2001, he became Director of Minera Valparaiso S.A.. In 2005 he was appointed as Chairman of Almendral S.A. and Vice Chairman of Entel Chile S.A. Since 2001 he is the CEO of Forestal O’Higgins S.A. He was appointed Chairman of CMPC in April 2016.

Skills and Qualifications

Industry Experience

Extensive knowledge of the Pulp and Paper industry. He has been the CEO of the Forestry company Forestal O’Higgins S.A. since 2001 and has worked for 25 years as an executive for CMPC's controlling group. Has been the Chairman of the Board of Directors of CMPC since 2016.

Risk Management Experience

Broad experience in risk management as president of CMPC's Audit Committee, which oversees the company's risk management, and member of CMPC's Financial Risk Committee. He is also a member of the Risk Committee of another company.

IT and Cybersecurity Experience

Director for 16 years of the telecommunication company ENTEL S.A, which one of its business lines is cybersecurity. He is also part of CMPC's Technology, Digitalization and Cybersecurity Committee.

Portrait

Ximena Verónica Corbo

Ximena Veronica Corbo holds a diploma in Business and Administration from the Universidad Pontifica de Chile as well as studies in Advanced Strategic Management at the International Institute for Management Development - IMD. Between 1998 and 2016 also performed in leadership roles within Nestlé enterprises. Since 2021, she is a member of the Marketing Icare Circle, Vicepresident of the Exporlac directory, and a member of the Regulatory Committee at Consorcio Lechero from the year 2016. She is also a counselor for the Sociedad Fomento Fabril since 2018 as well as a member of its Sustainable Business Development committee. Corbo is named Director at CMPC in April, 2022.

Skills and Qualifications

Industry Experience

She has 18 years of experience in Nestlé, where papers are relevant for the packaging of their product portfolio, therefore she had indirect experience to the packaging industry

Risk Management Experience

As a member of the Directors Committee in Nestlé, for decades she had the view on risks impacting the food industry and continuous productive processes, as well as the direct action into the positioning of the firm’s legislation. She was a part of the Regulatory Committee directive within Consorcio Lechero, seeking to anticipate regulative issues having an impact on the diverse echelons of the dairy chain.

IT and Cybersecurity Experience

In the food industry, client and consumer data protection are key. She also worked in mitigating the vulnerability of the wrong usage and stealing of information in sales portals directed toward retailers.

Portrait

Maria Cecilia Facetti, Independent*

Maria Cecilia Facetti is a Chemical Engineer, an Ontological coach from Newfield Network, and a certified director by the Institute of Directors in the United Kingdom. She has also filled various leadership roles in firms such as Unilever, Monsanto, Danone, and Coca-Cola, being also the president of Cintac and the CAP Group subsidiary; Intasa. Currently, she is the director of the Chilean-Argentinian Chamber. She was designated as director of CMPC in April 2022.

Skills and Qualifications

Industry Experience

She has an extensive path within the mass consumption products, which correlates to the Softys division relevance since tissue paper and personal care products are sold through retailers.

Risk Management Experience

She has been a director in the mining, steel, and iron industry, with strong participation in defining its Governance and Corporate Risks, alongside a model to manage them. Also, during her executive role, identified and managed risk arrays associated to supply chain, safe and safety, trade unions, and talented employee retention.

IT and Cybersecurity Experience

Cybersecurity has been noted as a corporate risk in every company she presided, whether as a director or president. Therefore, she has been in specific programs to mitigate cybersecurity attacks, systems, skills, processes, and protocols. Also, executed numerous workshops on the matter.

Portrait

Bernardo Larraín, Vice President

Bernardo Larrain Matte studied Business Administration at the Pontificia Universidad Católica de Chile. He was appointed Director of CMPC on May 7, 2021. He is also the Vice Chairman of the Board of Colbun and Director of Forestal O'Higgins, Minera Valparaiso S.A., Forestal, Constructora y Comercial del Pacífico Sur, Pasur. He was also a member of the Board of ICARE and, for the last four years, led the Sociedad de Fomento Fabril (Sofofa).

Skills and Qualifications

Industry Experience

Member of CMPC's Board of Directors since May 2021. He was the director of CMPC Tissue Products subsidiary, named Softys today, for about 5 years in the 2000’s, as well as its subsidiaries Celulosa and Forestal. He was the CEO between 2005 and 2011 and Chairman of the Board between 2011 and 2017 of Colbun S.A., an electric generation company that is a supplier to CMPC, and is now Vice Chairman of the Board. He was also director of the port and logistics company Puertos y Logistica S.A. (PULOGSA), until 2019. PULOGSA port operation in the south of Chile mainly serves the Paper, Pulp and Forest Products industry and CMPC is an important client. CMPC, Colbun and PULOGSA (until its sale) have the same controlling shareholders. Between 2017 and 2021 he was president of SOFOFA, a business organization in Chile whose partners are main Chilean companies, including the two companies in the Chilean Paper, Pulp and Forest Products industry: CMPC and Arauco.

Risk Management Experience

As General Manager and President of Colbun S.A. he implemented the risk management model and was a member of the Risk Committee for approximately 7 years, since its creation.

IT and Cybersecurity Experience

Cybersecurity has been a recurring theme in recent years in all the boards in which he participates (as director, president or vice president) and all companies have adopted prevention and mitigation models. This has been especially relevant in the Colbun electric company, since the national electricity system is an interconnected system, therefore cybersecurity risks in a facility (generation plant, line or substation) can turn into risks for the entire system.

Portrait

Jorge Marín, Independent*

Jorge Marin studied Business Administration at the IPEVE. In 1996, became a Director of CMPC. He is also Vice Chairman of Detroit Chile S.A. and is a member of the Board of Directors of Grupo Security S.A. and Banco Security S.A. He is also a member of the Advisory Committees of Universidad del Desarrollo, Universidad de Los Andes Business School and, CEP (Public Studies Center).

Skills and Qualifications

Industry Experience

Member of CMPC's Board of Directors for over 25 years. During these years he has been responsible for the company's globalization and growth and has also chaired the Board of Directors. In addition, Jorge chairs the Financial Risk Committee analyzing the main financial risks and other variables that might affect the company's results. Also, Jorge worked in CGE Group from 2006 until 2014, an important energy-generating company, which is also one of CMPC's business activities.

Risk Management Experience

Broad experience in Risk Management especially in the Financial Services industry as part of Banco Security. He has been a member of its Board of Directors since 1996 and is also a member of the bank's Audit Committee and recently of the Strategy and Capital Committee. Also, at CMPC, he chairs the Financial Risk Committee which analyzes several variables that affect our operations such as exchange rates.

IT and Cybersecurity Experience

Cybersecurity is one of the main risks of the Financial Services industry, therefore through the Board of Directors of Security, Jorge constantly oversees cybersecurity risks and ways to mitigate them.

Portrait

Bernardo Matte

Bernardo Matte holds a Law Degree from Universidad Adolfo Ibañez, a Masters of Laws from Pennsylvania University, and a Corporate Law degree from Universidad de Los Andes. During his professional career, outstands his service in Barros, Letelier & Gonzalez Law firm. He is also a Director of Forestal O'Higgings, Forestal Constructora and Comercial del Pacifico Sur S.A. He was assigned as CMPC Director in April, 2022.

Skills and Qualifications

Industry Experience

Vast experience of the industry while serving as an executive in firms with similar industrial processes to Empresas CMPC, such as Forestal O'Higgings, Forestal Constructora and Comercial del Pacifico Sur S.A.

Risk Management Experience

During his service in DP World Chile as a Director, he participated in the risk committee which involved the development of a crime prevention model, as well as being responsible for mapping a route of the firm's risks. He served into similar roles in Pasur and Minera Valparaiso, in corporate and industrial matters.

IT and Cybersecurity Experience

He obtained experience in crossed risks committees for a logistics business; DP World Chile, where cybersecurity has been noted as a corporate risk.

Portrait

Jorge Matte

Jorge Matte studied Business Administration at the Universidad de los Andes. He is currently Chairman of CMPC Forestry, and Director of CMPC Celulosa, CMPC Papeles, Softys, and Puertos y Logistica S.A.. Jorge also serves as Chairman of the Amulen Foundation. He was appointed as Director of CMPC in April 2016.

Skills and Qualifications

Industry Experience

Member of CMPC's Board of Directors since 2016. In 2006 he joined the Development department of ​​CMPC's Biopackaging business unit and in 2008 worked in Corporate Finance at Empresas CMPC. Between 2009 and 2010 he was an advisor for the General Management of Empresas CMPC and started his career in the Corporate Governance of Holding Empresas CMPC. Later, he was director of CMPC Celulosa. Between 2012 and 2014 he was president of CMPC Forestal and director of the Biopackaging, Softys and Celulosa.

Risk Management Experience

At CMPC and other companies where he participates in administrative positions, he has been part of the development of risk management models and their integral incorporation into the company's administration.

IT and Cybersecurity Experience

Experience in cybersecurity as part of the controlling group and the participation in the board of directors of several companies where this is a primary risk, such as in Banking.

Portrait

Carmen Sfeir

Carmen Sfeir holds a Law degree from the Universidad de Chile and a Master of Laws (LLM) degree from Duke University School of Law. She is also a lawyer in Brazil, registered in the Ordem dos Advogados do Brasil since 2014 and a Solicitor (n.p) in England and Wales, registered with de Solicitors Regulation Authority. She has been practicing law in Brazil since 2018 and has been CEO and partner of DSD2B since 2019. From 2007 to 2017, she worked for the Volkswagen Group in various legal leadership positions in Brazil and Germany. Sfeir is also registered as a mediator with the International Arbitration Chamber of Vienna, as well as various chambers and registers in Brazil.

Skills and Qualifications

Industry Experience

This role is her first experience in the forestry and paper products industry.

Risk Management Experience

With more than ten years of experience in the automotive industry, he has extensive knowledge of risk management. She has been part of developing the legal risk management policies of Volkswagen in Germany and a member of the risk management committee of the same company in Brazil.

IT and Cybersecurity Experience

Cybersecurity, data protection, and blockchain have been recurring topics during her law expertise. She has also participated in forums and academic debates on legal measures based on the topic and its risks. It is a crucial matter for businesses that need to protect tangible and intangible assets, as well as data networks with the best available technologies and within the legal framework.

Portrait

Pablo Turner

Pablo Turner studied Business and Administration at the Pontificia Universidad Catolica de Chile and received an MBA from the University of Chicago. He served as CEO of Falabella, Almacenes Paris and Viña San Pedro between 2000 and 2007. He is currently Chairman of AD Retail, Director of Watts S.A. and Moneda S.A. He is also Director of Holding Gastronomia y Negocios, and CMPC Tissue as well as Interbank Group and Intercorp Retail in Peru. He was appointed as Director of CMPC in April 2016.

Skills and Qualifications

Industry Experience

Member of CMPC's Board of Directors since 2016. He also has a long trajectory in the Retail industry, which is highly relevant for the Softys business since sales of tissue paper and personal care products are made through retailers.

Risk Management Experience

Experience in financial risk management, credit risk, compliance and regulatory risks in industries with a high level of regulation such as retail and financial services. Pablo worked in Falabella, a leading Retail and Financial Services company, in several executive positions for over 20 years including as CEO for 5 years. He also has experience in health and safety and environmental risks.

IT and Cybersecurity Experience

In the Retail and Financial Services industries, cybersecurity risk is of utmost importance. He worked on mitigating these risks during his 20 years of experience in Falabella, and as a member of several Risks and IT committees.

*According to the criteria defined by the Chilean legislature.