A new president at the El Palacio de Hierro board

What:  Alejandro Baillères has been appointed president of El Palacio de Hierro and Profuturo boards

Why it is important:  Alberto Baillères Gonzalez, president of Grupo Bal which owns El Palacio de Hierro and whom his son replaces, has been appointed honorary president of both boards.

Alejandro Baillères Gual replaces his father, Alberto Baillères Gonzalez, at the presidency of the boards of El Palacio de Hierro (IADS member) and Profuturo, an insurance and pension plans company.

Alberto Baillères Gonzalez has been appointed Honorary President of both boards, and is the president of Grupo Bal, which owns El Palacio de Hierro.