Grupo Iusacell Recruits CFO

Jose Luis Riera appointed chief financial officer of Grupo Iusacell, effective upon closing of tender offers commenced by Movil@ccess

July 17, 2003

1 Min Read

MEXICO CITY -- Movil Access, S.A. de C.V., a Mexican telecommunications service provider, subsidiary of Biper, S.A. de C.V. (BMV: MOVILAB), a Grupo Salinas company, announced today that Gustavo Guzman will appoint Jose Luis Riera as company CFO of Grupo Iusacell. The appointment will become effective upon closing of the tender offers commenced by Movil@ccess, which is currently scheduled to occur on July 29, 2003.

Mr. Riera is currently General Director of Corporate Finance for Grupo Salinas, overseeing several financial transactions for the different Grupo Salinas companies.

"Jose Luis brings invaluable corporate finance experience and negotiating skills to Grupo Iusacell," said Gustavo Guzman, designed CEO of Grupo Iusacell. "We are building a highly qualified financial team for the company; this will prove to be of essence for the success of the company once we assume formal control in less than two weeks."

Mr. Riera has been with Grupo Salinas for over five years, where he has occupied several key financial positions. Past positions include general director of corporate finance at Grupo Elektra, and company CFO of Unefon, a cellular operator.

Mr. Riera holds a BA in Industrial Engineering from Universidad Panamericana, and an MBA in Executive Management from the Instituto Panamericano de Alta Direccion de Empresas (IPADE).

Grupo Iusacell S.A. de C.V.

Movil@ccess S.A. de C.V.

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