Sare Shuffles Leadership

Mexican homebuilder Sare has named a new CEO and CFO, creating new senior positions as it oversees an expansion plan. CEO Arturo Carvajal is becoming director of strategy and development, overseeing Sare’s growth strategy. Chairman Dionisio Sanchez is assuming a new position that combines the role of CEO and chairman. Also, CFO Gabriel Terrazas moves to the newly created position of director of the finance committee, and is replaced by Araceli Aguado. Aguado will handle day to day finance operations, a spokesman says, while Terrazas will continue to oversee management of the company’s debt profile and financial strategy, as well as relationships with banks, analysts and investors.