Description and Main Functions:

  • According to our bylaws, ILC is led by a seven-member board elected annually at its General Shareholders' Meeting
  • Our directors are elected for a one-year period, and may be re-elected. The Chairman is appointed for one year and can be re-elected for a second term
  • Our directors can also participate as guests at meetings of subsidiary boards, to gain a deeper understanding of the main issues faced by each business within ILC
  • Its main duties include establishing the Company’s strategy, objectives and policies, which are then implemented by management. These matters are discussed in monthly meetings, to analyze ILC’s performance, risks, strategy and its medium and long-term plans

Sergio Torretti C., Chairman

Portrait

Mr. Torretti holds a degree in accounting from Instituto Comercial Superior.

He has an extensive track record in the construction and real estate sector in Chile, and has played a relevant role in the education and training areas at the Chilean Construction Chamber (CChC).

In the real estate sector, he has served on the boards of Inmobiliaria Indesa and Nueva Urbe, which develop urban projects in Santiago and northern Chile, respectively. In the construction industry, he has been on the board of directors of Construcciones e Inversiones Santa Ana for more than 30 years. This company is primarily engaged in the construction of civil and sanitary works.

In the education and training areas at CChC, he has chaired the CChC Educational Network, Capacita and Coreduc, and participated on the boards of Desarrollos Educacionales, CFT Los Andes and Tecnogest.

He was appointed to the board of ILC in 2010 and named Chairman of ILC and CChC in 2016.

Jorge Mas F., Vice-Chairman

Portrait

Mr. Mas holds a degree in civil engineering from Universidad de Chile.

He has a recognized track record in the construction industry as founding partner of the engineering and construction company Mas Errázuriz. This firm has operations in several South American countries including Chile, Peru, Argentina and Colombia. Mas Errázuriz has more than 30 years’ experience building a wide range of works for the energy and mining industries, and has also taken part in important medium and large-scale infrastructure projects. The Company has participated in works commissioned by Anglo American, Goldcorp, GDF Suez and Codelco, among others.

In 2014, he was appointed Chairman of ILC and later named Vice-Chairman in 2016. He also chaired the CChC from 2014 to 2016.

Fernando Coloma C., Independent Director

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Mr. Coloma holds a degree in business administration from Pontificia Universidad Católica de Chile and a Master of Arts in Economics from the University of Chicago, USA.

He has been a professor at the Institute of Economics at Pontificia Universidad Católica since 1980, where he has taught different courses on microeconomics, competition and markets, labor economy, microeconomic theory, economic regulation, international trade theory, topics in economics and public policies, economic policy, project evaluation, topics in financial regulation, among others.

He has authored numerous academic publications and consultations on domestic and international projects on public policies, job markets, regulation and competition, among other topics.

He was the Superintendent of Securities and Insurances from 2010 to 2014. He also chaired the Council of Securities Regulators of the Americas (COSRA) for two years.

Other positions he has held include director of Chile Transparente, member of the Icare Finance and Business Circle, member of the Capital Markets Consultative Council, member of the group of experts convened by the Finance Ministry to strengthen capital market operations, member of the Presidential Advisory Council on Work and Equality, director of Santiago's Club Hípico, coordinator of the Social Doctrine Program at Pontificia Universidad Católica, and member of the Justice and Peace Commission.

He joined the Board of ILC in 2017 as independent director.

René Cortázar S., Independent Director

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Mr. Cortazar holds a degree in business administration from Pontificia Universidad Católica de Chile, and a PhD in Economics from Massachusetts Institute of Technology (MIT), USA.

He has an outstanding track record in both the private and public sectors. In the private sector, he has served on the boards of several of Chile’s largest companies: AES-Gener and Guacolda (power generation), Entel (telecommunications), D&S (supermarkets), París and La Polar (retail), Moneda and Corpbanca (financial institutions), Televisión Nacional de Chile and Canal 13 (media).

In the public sector, he was named Minister of Labor and Social Welfare at the age of 38. He also served as Minister of Transportations and Telecommunications from 2007 to 2010. He is currently a researcher at the Latin American Studies Corporation (CIEPLAN).

He was appointed to the board of ILC in 2014, where he currently serves as Independent Director.

Gastón Escala A., Director

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Mr. Escala holds a degree in civil engineering from Pontificia Universidad Católica de Chile.

He has a broad track record in the construction and engineering sectors, where he has served as CEO and director of Salfacorp, one of Latin America’s largest builders. In the industry for over 85 years, this company develops projects in several industries such as mining, energy, construction and real estate, among others. Salfacorp has operations in Chile, Colombia, Panama and Peru, generating around US$1 billion in annual revenue.

He was appointed Chairman of ILC in 2010 and later named Vice-Chairman and Director in 2012 and 2014, respectively. He served as ILC’s Chairman during the Company’s IPO process, which was a major milestones for both ILC and the country as it was the largest initial listing in the country’s history.

He also chaired the CChC from 2010 to 2012. He is currently Vice-Chairman of Caja de Compensación Los Andes.

Daniel Hurtado P., Director

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Mr. Hurtado holds a degree in civil construction from Pontificia Universidad Católica de Chile.

He has extensive experience in the construction and engineering sectors, where he has served as CEO of Brotec, BDC and Pacal. He is currently the president of Excon, one of Chile’s largest construction companies with operations in Chile and Peru. Excon is one of the country’s leading firms in terms of infrastructure, construction and movement of materials and a major supplier for mining companies such as BHP, Anglo American, SQM, Pucobre and Barrick, among others.

In 2012, he was appointed as Chairman of ILC and was later named Vice-Chairman and Director in 2014 and 2016, respectively. He also chaired the CChC from 2012 to 2014. He is currently on the board of Caja de Compensación Los Andes.

Luis Nario M., Director

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Mr. Nario holds an undergraduate degree in civil engineering from Pontificia Universidad de Chile, and a graduate degree in construction from CHEBAP in Paris.

He has worked in several capacities in France, Argentina and Venezuela. In 1975, he founded Precon, a Chilean construction company specializing in large-scale and highly complex civil works. He currently serves on the board of this company, a position he has held for over 15 years.

He has also served as an advisor to the Chilean Construction Chamber (CChC) and was the trade organization's chairman in 2006. He also sat on the boards of Mutual de Seguridad and Corporación de la Primera Infancia, and was vice-chairman of the board of Caja de Compensación Los Andes for a five-year term.

He joined the Board of ILC in April 2017. Previously, he served on the board of AFP Habitat for seven years.

Board Compensation Policy:

  • Chairman: UF40 per meeting attended and 0.1% of ILC’s annual profit
  • Vice-Chairman: UF30 per meeting attended and 0.075% of ILC’s annual profit
  • Directors: UF20 per meeting attended and 0.05% of ILC’s annual profit