MANAGEMENT TEAM

Federico Terrazas has been a member of the Board of Directors of GCC since 1991 and was appointed Chairman in 2013. Mr. Terrazas is also Chairman of the board of directors of: CAMCEM, S.A. de C.V., IMIN de México, S.A. de C.V., Control Administrativo Mexicano, S.A. de C.V. and Servicios Hospitalarios de México, S.A. de C.V. He also serves in the board of directors of Abastecedora de Fierro y Acero, S.A. de C.V., Grupo Ruba, S.A. de C.V., Servicios de Previsión Integral, S.A. de C.V., Instituto Tecnológico y de Estudios Superiores de Monterrey Campus Chihuahua, and BBVA México, S.A. Previously, he was a member of the board of Coparmex.

Mr. Terrazas holds a bachelor’s degree in Business Administration and an M.B.A. from Instituto Tecnológico y de Estudios Superiores de Monterrey. Additionally, he completed a Harvard Business School leadership program for executive officers.

Mr. Terrazas is the nephew to Enrique G. Terrazas Torres, second cousin to Luis Márquez Villalobos, Martha Márquez Villalobos and Silvia Márquez Villalobos, and uncle of María Carolina Mares Terrazas, all of whom are members of the Board. Mr. Terrazas is also the cousin to Alberto Terrazas Seyffert and Luis Enrique Terrazas Seyffert, and second cousin once removed to Liliana Corral Márquez and Sergio Alejandro Rodríguez Márquez, all of whom are alternate members of the Board.

Silvia Márquez has been a member of the Board of Directors of GCC since 2017. She is also a member of the board of Inmobiliaria Ruba, S.A. de C.V., Grupo Cofiasa, S.A. de C.V., and of some of GCC’s subsidiaries.

Mrs. Márquez has a bachelor’s degree in Business Administration from Instituto Tecnológico y de Estudios Superiores de Monterrey. Additionally, she holds a master’s degree in Financial Law from Universidad Autónoma de Chihuahua.

Mrs. Márquez is second cousin to Federico Terrazas Becerra, first cousin once removed to Enrique Terrazas Torres, sister to Martha Márquez Villalobos and Luis Márquez Villalobos, and second cousin once removed to María Carolina Mares Terrazas, all of whom are members of the Board. She is also second cousin to Luis Enrique Terrazas Seyffert and Alberto Terrazas Seyffert, and aunt to Liliana Corral Márquez and Sergio Alejandro Rodríguez Márquez, all of whom are alternate members of the Board.

Enrique Terrazas has been a member of the Board of Directors of GCC since 1991. He also serves on the board of directors of Abadan, S.A. de C.V., Aciarium Estructuras, S.A. de C.V., Banamex (Consejo Regional del Norte), CAMCEM, S.A. de C.V., Control Administrativo Mexicano, S.A. de C.V., Copachisa, S.A. de C.V., DEMEK, S.A. de C.V., EMYCSA, S.A. de C.V., ESJ, S.A. de C.V., Grupo Punto Alto, S.A.P.I. de C.V., IMIN, S.A. de C.V., Inmobiliaria Punto Alto, S.A. de C.V., and of Inmobiliaria Ruba, S.A. de C.V.

Mr. Terrazas holds a degree in Civil Engineering from Cornell University. He also graduated from the Executive Officers Management Program AD-2 at IPADE.

Mr. Terrazas is the uncle of Federico Terrazas Becerra, first cousin once removed to Luis Márquez Villalobos, Martha Márquez Villalobos and Silvia Márquez Villalobos, and great uncle of María Carolina Mares Terrazas, all of whom are members of the Board. Mr. Terrazas is also the father of Alberto Terrazas Seyffert and Luis Enrique Terrazas Seyffert, and second cousin twice removed to Sergio Alejandro Rodríguez Márquez and Liliana Corral Márquez, all of whom are alternate members of the Board.

Martha Márquez has been a member of the Board of Directors of GCC since 1991. Mrs. Márquez also serves on the board of Grupo Cofiasa, S.A. de C. V., Inmobiliaria Ruba, S.A. de C. V., and of Promotora de Hospitales Mexicanos, S.A. de C.V. She has worked in the accounting department of Comercial de Fierro y Acero, S.A. and in the production department of Grupo La Norteñita, S.A. de C.V. In addition, she volunteers in the following civil societies: Asociación Nacional Pro-Superación Personal, A.C. (ANSPAC), Misiones Coloniales de Chihuahua, A.C. and Fundación Cima, A.C.

Ms. Márquez holds a bachelor’s degree in Finance from the Instituto Tecnológico y de Estudios Superiores de Monterrey and completed the Executive Officers Management program D-1 at IPADE.

She is the second cousin to Federico Terrazas Becerra, first cousin once removed to Enrique Terrazas Torres, second cousin once removed to María Carolina Mares Terrazas, and sister of Luis Márquez Villalobos and Silvia Márquez Villalobos, all of whom are members of the Board. She is mother of Liliana Corral Márquez, second cousin to Luis Enrique Terrazas Seyffert and Alberto Terrazas Seyffert, and aunt to Sergio Alejandro Rodríguez Márquez, all of whom are alternate members of the board.

Luis Márquez has been a member of the Board of Directors of GCC since 1991. He currently serves as a staff consultant for the chief executive officer’s office of Grupo Cofiasa, S.A. de C.V.

Mr. Márquez is second cousin to Federico Terrazas Becerra, first cousin once removed to Enrique G. Terrazas Torres, brother of Martha Márquez Villalobos and Silvia Márquez Villalobos, and second cousin once removed to María Carolina Mares Terrazas, all of whom are members of the Board. Mr. Márquez is second cousin to Alberto Terrazas Seyffert and Luis Enrique Terrazas Seyffert, and uncle to Liliana Corral Márquez and Sergio Alejandro Rodríguez Márquez, all of whom are alternate members of the Board.

Carolina Mares has been a member of the Board of Directors of GCC since 2019. Mrs. Mares also serves on the board of directors of Grupo Cofiasa, S.A. de C.V. She has collaborated in various industries, specializing in procurement, imports, and marketing.

Mrs. Mares holds a bachelor’s degree in Business Administration with a specialization in international trade from the Instituto Tecnológico y de Estudios Superiores de Monterrey. Additionally, she holds a master’s degree in Quality and Productivity Management from Universidad Tecmilenio, as well as the executive program in Corporate Governance from Deloitte.

Mrs. Mares is niece of Federico Terrazas Becerra, grandniece of Enrique Terrazas Torres, second cousin once removed to Martha Márquez Villalobos, Silvia Márquez Villalobos and Luis Márquez Villalobos, all of whom are members of the Board. She is first cousin once removed to Luis Enrique Terrazas Seyffert and Alberto Terrazas Seyffert, and third cousin to Liliana Corral Márquez and Sergio Alejandro Rodríguez Márquez, all of whom are alternate members of the board.

Jaime Muguiro has been a member of GCC’s Board of Directors since 2025. Mr. Muguiro was appointed Chief Executive Officer of Cemex in 2025. He is currently a member of the board of directors of Axtel, S.A.B. de C.V., and a board member of the Global Cement and Concrete Association (GCCA).

Mr. Muguiro began his career at Cemex in 1996 and has held several executive positions in strategic planning, business development, ready‑mix concrete, aggregates, and human resources, as well as executive roles including President of the regions of Egypt (formerly the Mediterranean region), South America, Central America and the Caribbean, and the United States. Previously, he served as President and Chief Executive Officer of Cemex Latam Holdings and was a board member of Concrete Supply Co., LLC.

Mr. Muguiro holds a Bachelor’s degree in Business Administration from Universidad San Pablo CEU in Madrid, as well as a Bachelor’s degree in Law from Universidad Complutense de Madrid. Additionally, he holds a M.B.A. from the Massachusetts Institute of Technology (MIT).

José Antonio González has been a member of the Board of Directors of GCC since 2013. Mr. González is responsible for the Strategic Planning and Business Development area of Cemex, where he began his career in 1998, holding various executive positions in the areas of finance, administration, strategic planning and corporate communication and public affairs. Additionally, he serves as an alternate board member of Axtel, S.A.B. de C.V.

Mr. González holds a bachelor’s degree in Industrial and Systems Engineering from the Instituto Tecnológico y de Estudios Superiores de Monterrey and an M.B.A. from Stanford University.

Ricardo Naya has been a member of the Board of Directors of GCC since 2019, having previously served on the Board from 2012 to 2017. He began his professional career at Cemex in 1996, where he has held various positions with responsibilities in strategic planning across several regions, including South America, the United States, and Europe. Additionally, he has held executive roles such as Commercial Vice President of Cemex Mexico and President in several countries, including Poland, Colombia, and Mexico.

He currently serves as Executive Vice President of Sustainability, Operations, and Ventures at Cemex globally, a position he has held since early 2025, with responsibility for the sustainability agenda, operational excellence, innovation, and the development of new businesses.

Mr. Naya holds a bachelor’s degree in Economics from Instituto Tecnológico y de Estudios Superiores de Monterrey and an M.B.A. from the Massachusetts Institute of Technology (MIT).

Luis Hernández has been a member of the Board of Directors of GCC since 2022, occupying a seat on the Board between 2010 and 2016. Currently, he serves as Executive Vice President of Digital and Organizational Development at Cemex. Previously, he held senior positions in the areas of Strategic Planning and Human Resources at Cemex and served as a consultant for McKinsey & Company, Inc. In addition, he is a member of the board of directors of Escuela de Negocios del Tecnológico de Monterrey (ITESM) and the Monterrey Digital Hub, S. de R.L. de C.V.

Mr. Hernández holds a degree in Civil Engineering from Instituto Tecnológico y de Estudios Superiores de Monterrey. In addition, he holds an M.B.A. and a master of Science in Engineering from the University of Texas at Austin.

Armando García has been a member of the Board of Directors of GCC since 1991. He is also a member of the board of Cemex since 1983, Universidad de Monterrey, Consejo Consultivo de Flora y Fauna del Estado de N.L., and Parques y Vida Silvestre de N.L. He is Honorary Consul of the Kingdom of Denmark in Monterrey, as well as founder and chairman of the Council of Comenzar de Nuevo, A.C.

Previously, he was officer at Cemex and Chairman of the board at the following companies: Comisión de Estudios del Sector Privado para el Desarrollo Sustentable (CESPEDES), Gas Industrial de Monterrey, S.A. de C.V., Coparmex N.L., Aeropuerto Internacional del Norte, S.C., and Casino de Monterrey, A.C. Mr. García served as member of the board of Universidad Regiomontana, Executive Committee of Coparmex, The World Environmental Center (WEC), Grupo Aeroportuario Centro Norte, S.A.B. de C.V., Unidos para la Conservación, A.C., Pronatura Noreste, A.C., Patronato del Museo de la Fauna, Compañía Industrial de Parras, S.A. de C.V., Hoteles City Express, S.A.P.I. de C.V., and Innovación y Conveniencia, S.A. de C.V. Additionally, he was chairman of the board at the School of Engineering and Information Technology of ITESM.

Mr. García holds a Mechanical Engineering and Management degree from the Instituto Tecnológico y de Estudios Superiores de Monterrey. In addition, he holds an M.B.A. from the University of Texas.

Jesús Olivas has been a member of the Board of Directors of GCC since 2024. Additionally, he is a member of the board of directors of Grupo Bafar, S.A.B. de C.V., Duraplay, S.A.P.I. de C.V, and Autotransportes del Real, S.A. de C.V.

Previously, Mr. Olivas worked at Internacional de Cerámica, S.A.B. de C.V. (Interceramic), where he began his career in 1985, holding various management positions including Chief Executive Officer, Chief Financial and Administrative Officer, and Chief Operating Officer. Additionally, he was a member of the board of directors of Interceramic and its subsidiaries, Agropuecuaria la Norteñita, Kalisch Fierro y, Acero Coparmex Chihuahua, Banamex, Nafin and Bancomext, S.N.C. Consultivo Norte. He was also a member of the Technical Committee of the Security and Competitiveness Trust of the State of Chihuahua.

Mr. Olivas holds a Bachelor’s degree in Financial Administration from the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM).

Luis Fernández has been a member of the Board of Directors of GCC since 2020. Currently, he is CEO and chairman of the board of directors of Frutas Concentradas, S.A.P.I. de C.V., as well as chairman of the board of: Axiscom, S.A. de C.V., Materiales de Construcción de Mexicali, S.A.P.I. de C.V., Fevaxis, S.A.P.I. de C.V., Tenedora Fercam, S.A.P.I. de C.V., Industrias Tecnológicas Fercam, S.A.P.I. de C.V., FCEP Holding, S.A.P.I. de C.V., Ferfarms, S.A.P.I. de C.V., Human Tek Soluciones, S.A.P.I. de C.V. and Agua y Puntos de Venta, S.A.P.I. de C.V.

In addition, Mr. Fernández serves in the board of directors of Madata IT, S.A. de C.V., Transtelco Holding, Inc., Fevisa, S.A. de C.V., Aqua Salus, S. de R.L. de C.V., Sistema Axis, S.A. de C.V., and Controladora Kanimi, S.A.P.I. de C.V. Previously, he was chairman of the board of directors of Sistema Axis, S.A. de C.V. and Controladora Kanimi, S.A.P.I. de C.V., as well as member of the board of Arca Continental, S.A.B. de C.V. and Embotelladoras Argos, S.A.

Mr. Fernández is member of Coparmex in Ciudad Juárez and of Borderplex Alliance, advisor to the Economic Development in Ciudad Juárez and of the Instituto Tecnológico y de Estudios Superiores de Monterrey.

Mr. Fernández holds a degree in Public Accounting from Instituto Tecnológico y de Estudios Superiores de Monterrey. Additionally, he completed IPADE’s AD-2 Executive Officers Management Program, as well as programs for family businesses from Wharton Business School, enduring companies from Stanford, corporate training from Harvard Business, and business strategy from Chicago Booth.

Luis Nicolau has been a member of the Board of Directors of GCC since 2019. He also serves on the board of directors of Coca-Cola FEMSA, S.A.B. de C.V., Grupo Posadas, S.A. de C.V., Becle, S.A.B de C.V (Cuervo), and Grupo Coppel, S.A. de C.V. He is also a member of the Executive Committee of Ritch, Mueller and Nicolau, S.C., and Inversiones de Promotora Social México, A.C.

Previously, Mr. Nicolau was a member of the board of directors of Grupo Modelo, S.A.B. de C.V., Grupo Vitro, S.A.B. de C.V., Gentera, S.A.B. de C.V., Grupo MVS Comunicaciones, S.A. de C.V., Grupo Financiero Credit Suisse México, S.A. de C.V., J.P. Morgan Grupo Financiero, S.A. de C.V., Grupo Financiero Santander México, S.A. de C.V., Morgan Stanley Casa de Bolsa, S.A. de C.V., KIO Networks, S.A. de C.V., UBS Asesores, S.A. de C.V., Papalote Museo del Niño and Indian Mountain School.

Mr. Nicolau holds a law degree from Escuela Libre de Derecho. Additionally, he holds a master in Laws from Columbia University. He is a partner of the firm Ritch, Mueller and Nicolau, S.C.