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

p>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

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

Ximena Verónica Corbo

Ximena Corbo holds a degree in Business Administration from the Pontificia Universidad Catolica de Chile and studied Advanced Strategic Management at the International Institute for Management Development (IMD). From 1998 to 2016, she held various leadership positions in the company Nestle. She has been a member of Icare's marketing circle since 2021, Vice-Chairman of the Board of Directors of Exporlac and a member of the Regulatory Committee of Corporacion Consorcio Lechero since 2016. Corbo has also been a member of the Board of Directors of the Sociedad de Fomento Fabril (SOFOFA) since 2018 and a member of the Sustainable Business Development Committee of this institution.

Portrait

Maria Cecilia Facetti, Independent*

Maria Cecilia Facetti is a Chemical Engineer and an ontological coach from Newfield Network. She is also a certified director by the Institute of Directors in the United Kingdom. She has worked for over 25 years in various leadership positions in companies such as: Unilever, Monsanto, Danone and Coca-Cola. Cecilia has also served as Director and President of the Board of Cintac and Intasa, and of the Chilean-Argentine Chamber of Commerce.

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 the Universidad Adolfo Ibañez. He also holds a Master of Laws (LLM) degree from the University of Pennsylvania, a Wharton Business & Law Certificate and a Master in Corporate Law and a Diploma in Corporations and Financing from the Universidad de los Andes. He worked for the law firm Barros, Letelier & Gonzalez, Abogados. He currently is a Director of Forestal O'Higgins and Forestal Constructora y Comercial del Pacífico Sur S.A.

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 with the Ordem dos Advogados do Brasil since 2014 and a Solicitor (n.p.) in England and Wales, registered with the 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.

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. If considering the Dow Jones Corporate Sustainability Assessment criteria for Board independence, all 9 Board members qualify as independent.