Megacable Names New CFO

Mexico cable operator Megacable says it named Alonso Andrade as its new CFO and administrative officer after Cesar Lau resigned from the post effective July 30 following 12 years with the company. Lau, who worked on the company’s IPO and several acquisitions in recent years, will pursue other projects, says Megacable. Andrade, the new CFO, was formerly finance chief at Perot Systems Services of Mexico for more than 2 years. He had also held positions at Servicios Financieros Integrales, Grupo Mezgo, and Carterpillar Financial, among other institutions. Alonso Andrade has an accounting degree from Universidad La Salle and earned an MBA from Instituto Tecnologico y de Estudios Superiores de Monterrey, and has an advanced management degree from Instituto Panamericano de Alta Direccion de Empresas.