Nutec Group Announces Change of CEO
Nutec Group has announced effective February 1, 2023, Genaro F Cueva will step down from the position of CEO, remaining in his position as Chairman of the Board. He will be replaced as CEO by Daniel Llaguno, currently President, Nutec Fibers Division. This transition had been announced internally back in September 2022.
Genaro began his career at Nutec in 1986, a company established in 1975 by his father Genaro Cueva Barrera. Over time, Nutec Group became a leading international supplier of high-temperature insulation fibers, fire protection products, as well as engineered furnaces and thermal equipment. In January 1993, Genaro became CEO of Nutec Group.
“It’s been a privilege and honor to act as Nutec’s CEO over the past 30 years. I will continue serving Nutec as Chairman of the Board, and I look forward to Nutec’s continued success under Daniel’s leadership as our next CEO,” said Genaro Cueva.
In addition to chairing the Board of Directors, Genaro Cueva will continue to oversee strategic relations, acquisitions, and corporate governance.
Daniel Llaguno holds a B.S. in Chemical Engineering and Management (ITESM), with further studies at IPADE, EGADE and Harvard (HBS). He is currently the President of Fibers Division, a role he assumed in April 2021. Prior to that, from 2009, he served as the President of Nutec Bickley. Earlier, he had held various sales and management positions of increasing responsibilities, since first joining in 1997.
“I am honored to have been appointed CEO of Nutec Group, a family that I’ve been a part of for over 25 years. Genaro has given outstanding service for many years,” said Daniel Llaguno.
“On behalf of the entire Nutec team, we thank him for everything that he has done as CEO, and we are pleased that he will continue to serve as Chairman of the Board. Our Board of Directors has tasked me with continuing our efforts towards sustainable growth, always maintaining the values on which Grupo Nutec has relied since its first days. I look forward to the challenge that lies ahead.”
Daniel’s replacement as director of the Fibers Division will be decided by the Board of Directors, through its Talent and Culture Committee; while that process is being completed, Daniel will continue to be responsible for companies in the Fibers division.
Nutec Group comprises the following companies: Nutec Fibratec (Mexico), Nutec Bickley (Mexico), Nutec Inc (USA), Nutec Protective Concepts (USA), Nutec Procal (Spain), Nutec Europe (Spain), Nutec Ibar (Brazil).
