Kansas City Southern (KCS) (NYSE: KSU) today announced that Henry R.
Davis of Mexico City, D.F., was elected as a member of the company’s
board of directors by a unanimous vote of the current KCS board members
at a meeting held today at the company’s
headquarters in Kansas City, Mo. Mr. Davis was elected to fill a vacancy
created by the resignation from the board of Arthur L. Shoener, KCS'
president and chief operating officer, who resigned in order to allow
the company to increase the number of independent directors on its board
without increasing the size of the board. Mr. Davis will seek
re-election by the shareholders of the company at its annual meeting to
be held on May 1, 2008.
"In addition to being a respected business and
civic leader in Mexico, Henry has served on the board of directors of a
number of public and private corporations as well as socially oriented
philanthropic institutions in Mexico,” said
KCS chairman and chief executive officer Michael R. Haverty. "With
the importance of Kansas City Southern de Mexico to our company as a
whole, Henry’s perspective, counsel and
guidance will be very valuable as we strengthen ties with Mexico and
develop new business opportunities in Mexico.”
Mr. Davis serves as president of the investment firm Promotora DAC, S.A.
de C.V., which focuses its investments in the financial and real estate
sectors. He served as president, chief executive officer and vice
chairman of the board of Grupo Cifra from 1983, until its acquisition by
Wal-Mart de México in 1998. He is a director
of Grupo Bimbo, S.A.B. de C.V, Ixe Grupo Financiero S.A. de C.V. and
Grupo Aeroportuario de Pacífico S.A.B. de
C.V. Mr. Davis holds a bachelor of science in business administration
from the National University of Mexico and a Management Development
Program certificate from the Harvard Business School.
"With President Calderon’s
program of new infrastructure development throughout Mexico, and Kansas
City Southern de Mexico’s significant capital
investments, it is clear that rail transportation is vital to the
development of Mexico’s industrial base and
its economic future,” said Mr. Davis. "I
am honored to accept this position on Kansas City Southern’s
board of directors.”
Headquartered in Kansas City, Mo., KCS is a transportation holding
company that has railroad investments in the U.S., Mexico and Panama.
Its primary U.S. holding is The Kansas City Southern Railway Company,
serving the central and south central U.S. Its international holdings
include Kansas City Southern de Mexico, S.A. de C.V., serving
northeastern and central Mexico and the port cities of Lázaro
Cárdenas, Tampico and Veracruz, and a 50
percent interest in Panama Canal Railway Company, providing
ocean-to-ocean freight and passenger service along the Panama Canal.
KCS' North American rail holdings and strategic alliances are primary
components of a NAFTA Railway system, linking the commercial and
industrial centers of the U.S., Mexico and Canada.
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