Bernardo Garza Sada

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Bernardo Garza Sada (1930 – 7 November 2009) was a Mexican businessman who founded the Grupo ALFA conglomerate in 1974.[1] He also served as ALFA's former president.[2] Additionally, Garza Sada was a member of the company's board of directors for two decades.[1]

Garza Sada, a graduate of the Massachusetts Institute of Technology (MIT),[3] is credited with turning Grupo Alfa into a diversified conglomerate with revenues of $10.6 billion USD in 2008.[2] ALFA currently consists of four major operations and consortia as of 2009 - Alpek, which produces petrochemicals and synthetic fiber; Sigma, which manufactures food; Nemak, which builds automotive parts; and Alestra, which consists of ALFA's telecommunications arm.[1][2] Alfa also produces televisions, machinery, and has assets in Mexico's tourism sector.[1]

Garza Sada also championed the modernization of Monterrey Institute of Technology, one of Mexico's most important private universities.[1]

Bernardo Garza Sada died at his home in Monterrey, Nuevo León, Mexico, on November 7, 2009, at the age of 79.[1] He was survived by his wife and three children.[2] In a statement released posthumously, ALFA called Garza Sada, "Leader and visionary businessman, promoter of education and social responsibility, driving force for the growth of the company and the country."[1]

References[edit]

  1. ^ a b c d e f g "Mexican Businessman Bernardo Garza Sada Dies". Latin American Herald Tribune. 2009-11-08. Retrieved 2009-11-28. 
  2. ^ a b c d "Mexican magnate Bernardo Garza Sada dies at 79". Businessweek. 2009-11-07. Retrieved 2009-11-28. 
  3. ^ Tapia, Jonathan (7 November 2009). "Muere el empresario Bernardo Garza Sada" (in Spanish). Mexico City: El Universal. Retrieved 28 November 2009.