Mexico Exchange Chief Executive Tellez Resigns as Offerings DropBen Bain
Luis Tellez is stepping down as chairman and chief executive officer of Mexico’s stock exchange at the end of the year.
Bolsa Mexicana de Valores SA didn’t name Tellez’s replacement in a filing today or say what his plans would be after he leaves. He didn’t immediately respond to a request seeking comment sent through the bourse’s press office.
Shares in the exchange almost tripled in price since Tellez took over in May 2009 to 28.4 pesos, and he oversaw a record 19 equity sales in Mexico last year. The stock has fallen 5.1 percent this year as equity offerings slumped to four, while the benchmark IPC gauge added 2.1 percent.
Tellez, 56, started yesterday as an independent member of the technical committee of Mexican Oil Stabilization Fund and is also board member of Sempra Energy, whose Mexican unit Infraestructura Energetica Nova SAB is the top performer on the IPC this year.