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Press Release                                                                               C. 05-11

                         st
El Salvador, March 21 , 2011.



         New Board of Directors of the CS is Appointed
Today, the President of the Republic took the oath of the new members of the Competition
Superintendence´ (CS) Board of Directors (BD).     .   They come to join the current Competition
Superintendent, Francisco Diaz Rodriguez, to conform the highest authority of said institution.

Starting today, the CS has a new Board of Directors: 2 Property Directors and 2 Alternate ones. The
appointment of one Alternate Director is still pending to complete said Board.

The appointed Directors are four professionals with ample experience in Economics and Law belonging to
the academic and governmental sectors. Currently, the BD is formed by:

        Name                                 Position in the CS´ Board of Directors
        Francisco Diaz                       Chairman of the BD and Competition Superintendent
        Rodríguez
        Ana Lilian Vega                      Property Director
        Oscar Castillo Rivas                 Property Director
        Abraham Mena                         Alternate Director
        Jose Angel Tolentino                 Alternate Director


About the new Board Members

Ana Lilian Vega - Property Director

Academic experience: She is an industrial engineer, with degrees on: Economics and Applied Macro
Economics; Research for Local Economic Development; a masters on Human Development; and, is
currently studying to obtain a PhD in Iberoamerican Philosophy

Professional experience: She is currently the Chief of the Economics Department at the Universidad
Centroamericana “Dr. José Simeón Cañas” (UCA). She held the position of Director of the Banco de
                                            (UCA).
Fomento Agropecuario (BFA). She also was professor and researcher at the Economics Department at
                           ).                                             Economi
the UCA, as well as Head of the Research Regulations Department at the Pensions Superintendence,
         ,
amongst other positions.

Oscar Castillo Rivas – Property Director

Academic experience: He has a degree in Public Accounting.

Professional experience: He has been general manager and legal representative of various companies of
                           e
the construction and real estate sectors. He was legal representative, shareholder, and general manager
of a company that renders IT and data processing services. He was the sole administrator of two real


Edificio Madreselva, 1er Nivel, Calzada El Almendro y 1ª Ave. El Espino, Urb. Madreselva, Antiguo
Cuscatlán, El Salvador.
E-mail: contacto@sc.gob.sv - www.sc.gob.sv
estate companies. In addition, he is an accountant and held the position of external auditor,
                                                                        positions
administrative and tax counselor of various companies and institutions.


Abraham Mena – Alternate Director

Academic experience: He has a degree and PhD in Economics, specialized in Management of Social and
Economic Development. He has a master’s degree in Economics and Planning of Social and Economic
Development.

Professional experience: He has been professor at the Universidad “Dr. José Matías Delgado”,
                                                          the
Universidad “Tecnológica de El Salvador”, Universidad Centroamericana “José Simeón Cañas”; all the
                                                                                   Cañas”
aforementioned in El Salvador, and in Panama at the Universidad Nacional de Panamá. In all these
universities he has taught subjects related with Economic Sciences.
                  s

Currently, he holds the position of Chief of the Division of Strategic Analysis of the Office of Policies and
Sector Planning at the Ministry of Agriculture and Livestock. In said Ministry, he has been Coordinator of
the Commercial and Sector Policy Area of the Policies and Strategies Office; specialist in Sector and
Macro Economics Policy of the Unit of Analysis of Agricultural Policies; Technician of the Sector Office for
                ics
Agricultural Planning in San Salvador and technician of the Planning Department of the Para central
                                alvador
Region in San Vicente, El Salvador.


Jose Angel Tolentino – Alternate Director

Academic experience: He is an economist specialized in international trade.

Professional experience: He works for the (Fundación Nacional para el Desarrollo), FUNDE, an Oxfam
partner in El Salvador.


Attributions and duties of the BD:
 ttributions

a) Impose sanctions in accordance to this Law;
      ose

b) Order and contract market studies and specific consultancies on technical aspects necessary to reach
the objectives herein, provided that said studies are used to expand or complement those carried out by
the Superintendent during the filing period;

c) Instruct the Superintendent to initiate investigations ex-officio;

d) Order the cessation of anticompetitive practices accordance with the terms set forth herein;

e) Authorize, deny, or condition the requests for mergers or acquisitions in accordance with the Law;

f) Hear and resolve review recourse against Board resolutions pursuant to the Law;
                                            Boar

g) Solve the cases under their jurisdiction and enforce the corresponding sanctions;

h) Inform the regulators, when as a result of an investigation of anticompetitive practice, it is determined
that the root or the problem originates in the regulations of these agencies, in order to take the necessary
                               iginates
measures;


Edificio Madreselva, 1er Nivel, Calzada El Almendro y 1ª Ave. El Espino, Urb. Madreselva, Antiguo
Cuscatlán, El Salvador.
E-mail: contacto@sc.gob.sv - www.sc.gob.sv
i) Study and submit to the consideration of the Executive Branch, through the Ministry of Economy, any
   proposal to amend the Law, regulations, and other applicable standards;
                               regulations

   j) Issue a glossary of terms used to enforce the Law;

   k) Approve the Annual Budget;

   l) Issue, at the request of a third party or ex officio, opinions on drafts of laws, ordinances, or regulations
                                                  ex-officio,
   which might significantly limit, restrict, or impede competition; (1) and,

   m) Issue, at the request of a third party or ex-officio, opinions on the procedures for public acquisitions
                                                  ex                      he
   and contracts, which might significantly limit, restrict, or impede competition. (1)

(1) Amended by means of the Legislative Decree No. 436 dated the 18th of October, 2007, published in the
Official Gazette No. 204, Book No. 377, dated the 1st of November, 2007.




   Edificio Madreselva, 1er Nivel, Calzada El Almendro y 1ª Ave. El Espino, Urb. Madreselva, Antiguo
   Cuscatlán, El Salvador.
   E-mail: contacto@sc.gob.sv - www.sc.gob.sv

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C.05-11 New Board of Directors of the CS is Appointed

  • 1. Press Release C. 05-11 st El Salvador, March 21 , 2011. New Board of Directors of the CS is Appointed Today, the President of the Republic took the oath of the new members of the Competition Superintendence´ (CS) Board of Directors (BD). . They come to join the current Competition Superintendent, Francisco Diaz Rodriguez, to conform the highest authority of said institution. Starting today, the CS has a new Board of Directors: 2 Property Directors and 2 Alternate ones. The appointment of one Alternate Director is still pending to complete said Board. The appointed Directors are four professionals with ample experience in Economics and Law belonging to the academic and governmental sectors. Currently, the BD is formed by: Name Position in the CS´ Board of Directors Francisco Diaz Chairman of the BD and Competition Superintendent Rodríguez Ana Lilian Vega Property Director Oscar Castillo Rivas Property Director Abraham Mena Alternate Director Jose Angel Tolentino Alternate Director About the new Board Members Ana Lilian Vega - Property Director Academic experience: She is an industrial engineer, with degrees on: Economics and Applied Macro Economics; Research for Local Economic Development; a masters on Human Development; and, is currently studying to obtain a PhD in Iberoamerican Philosophy Professional experience: She is currently the Chief of the Economics Department at the Universidad Centroamericana “Dr. José Simeón Cañas” (UCA). She held the position of Director of the Banco de (UCA). Fomento Agropecuario (BFA). She also was professor and researcher at the Economics Department at ). Economi the UCA, as well as Head of the Research Regulations Department at the Pensions Superintendence, , amongst other positions. Oscar Castillo Rivas – Property Director Academic experience: He has a degree in Public Accounting. Professional experience: He has been general manager and legal representative of various companies of e the construction and real estate sectors. He was legal representative, shareholder, and general manager of a company that renders IT and data processing services. He was the sole administrator of two real Edificio Madreselva, 1er Nivel, Calzada El Almendro y 1ª Ave. El Espino, Urb. Madreselva, Antiguo Cuscatlán, El Salvador. E-mail: contacto@sc.gob.sv - www.sc.gob.sv
  • 2. estate companies. In addition, he is an accountant and held the position of external auditor, positions administrative and tax counselor of various companies and institutions. Abraham Mena – Alternate Director Academic experience: He has a degree and PhD in Economics, specialized in Management of Social and Economic Development. He has a master’s degree in Economics and Planning of Social and Economic Development. Professional experience: He has been professor at the Universidad “Dr. José Matías Delgado”, the Universidad “Tecnológica de El Salvador”, Universidad Centroamericana “José Simeón Cañas”; all the Cañas” aforementioned in El Salvador, and in Panama at the Universidad Nacional de Panamá. In all these universities he has taught subjects related with Economic Sciences. s Currently, he holds the position of Chief of the Division of Strategic Analysis of the Office of Policies and Sector Planning at the Ministry of Agriculture and Livestock. In said Ministry, he has been Coordinator of the Commercial and Sector Policy Area of the Policies and Strategies Office; specialist in Sector and Macro Economics Policy of the Unit of Analysis of Agricultural Policies; Technician of the Sector Office for ics Agricultural Planning in San Salvador and technician of the Planning Department of the Para central alvador Region in San Vicente, El Salvador. Jose Angel Tolentino – Alternate Director Academic experience: He is an economist specialized in international trade. Professional experience: He works for the (Fundación Nacional para el Desarrollo), FUNDE, an Oxfam partner in El Salvador. Attributions and duties of the BD: ttributions a) Impose sanctions in accordance to this Law; ose b) Order and contract market studies and specific consultancies on technical aspects necessary to reach the objectives herein, provided that said studies are used to expand or complement those carried out by the Superintendent during the filing period; c) Instruct the Superintendent to initiate investigations ex-officio; d) Order the cessation of anticompetitive practices accordance with the terms set forth herein; e) Authorize, deny, or condition the requests for mergers or acquisitions in accordance with the Law; f) Hear and resolve review recourse against Board resolutions pursuant to the Law; Boar g) Solve the cases under their jurisdiction and enforce the corresponding sanctions; h) Inform the regulators, when as a result of an investigation of anticompetitive practice, it is determined that the root or the problem originates in the regulations of these agencies, in order to take the necessary iginates measures; Edificio Madreselva, 1er Nivel, Calzada El Almendro y 1ª Ave. El Espino, Urb. Madreselva, Antiguo Cuscatlán, El Salvador. E-mail: contacto@sc.gob.sv - www.sc.gob.sv
  • 3. i) Study and submit to the consideration of the Executive Branch, through the Ministry of Economy, any proposal to amend the Law, regulations, and other applicable standards; regulations j) Issue a glossary of terms used to enforce the Law; k) Approve the Annual Budget; l) Issue, at the request of a third party or ex officio, opinions on drafts of laws, ordinances, or regulations ex-officio, which might significantly limit, restrict, or impede competition; (1) and, m) Issue, at the request of a third party or ex-officio, opinions on the procedures for public acquisitions ex he and contracts, which might significantly limit, restrict, or impede competition. (1) (1) Amended by means of the Legislative Decree No. 436 dated the 18th of October, 2007, published in the Official Gazette No. 204, Book No. 377, dated the 1st of November, 2007. Edificio Madreselva, 1er Nivel, Calzada El Almendro y 1ª Ave. El Espino, Urb. Madreselva, Antiguo Cuscatlán, El Salvador. E-mail: contacto@sc.gob.sv - www.sc.gob.sv