Habanos S.A. has officially announced the appointment of a new co-president, Jorge Luis Fernandez Maique, replacing Oscar Basulto Torres.
"I assume the co-presidency of Habanos S.A. after 2010 in which despite the difficulties in certain markets, and the legal restrictions on consumption in many countries, the revenues of Habanos S.A have increased by two percent," Fernandez Maique said in a press release. "We expect this growth can be maintained in 2011, and that the dynamism created by the introduction of new products by Habanos S.A. will contribute to the consolidation of this trend."
Fernandez Maique has worked in the Cuban tobacco industry for more than 20 years. He was the export director for Tobacco Leaf for eight years. And, he also served as the president of Coprova, which is the exclusive distributor of Habanos S.A. in France. He is well known in international circles and will bring a global perspective to the Cuban cigar industry.
Basulto Torres has been co-president of Habanos S.A. since the late 1990s. He will continue as the president of the Tabacuba Entrepreneurial Group, which oversees all aspects of the tobacco industry in Cuba, from the plantations and factories as well as Habanos S.A.
— Gordon Mott