Vitro Finance Director Resigns

Alvaro Rodríguez, the finance director of Mexican glassmaker Vitro has resigned, the company said in a filing with the Mexican Stock Exchange. Enrique Osorio, formerly finance director of troubled biotechnology firm Savia, will replace Rodríguez and will work together with the latter until the middle of April to ensure a smooth transition, said Vitro’s chief executive, Federico Sada. Investors will watch with interest to see what direction the company takes following Rodriguez’s departure. He was responsible for the much-praised recent debt restructuring of the company.