About

Lourdes Ivonne Massimi Malo began working for Grupo Simec, considered the largest producer of specialty steel in North America, in 1994. She has served as legal corporate manager since 1999 and as company secretary of the board since 2006. One of the most important changes that Massimi Malo has made in that time is the implementation of a legal control system that has resulted in a more efficient performance of the department. In ensuring the legal department play an active role in the business she states ‘participation of the legal department in the daily operation of the company narrows risks and gives some security in its performance and in its decisions’. This has become even more important considering the expansion plans of Grupo Simec, having made a number of strategic acquisitions both in Mexico and abroad aimed mainly at the automotive and energy industries. In participating in almost all contract process for these projects that cover the acquisition or construction of mini-mill facilities, Massimi Malo has gained recognition for doing so without acquiring debt with third parties. She has also participated in the strategic sale of some the company’s assets as a response to the financial crisis.