Luis Díaz is an industrial engineer from the Pontificia Universidad Católica del Perú, and holds an MBA from the University of Pittsburgh. He joined the Graña y Montero Group in 1994, as an intern in engineering and, since then, he has been developing his career by achieving important positions, such the General Manager of GMP, Manager of the Infrastructure Business Area Corporate Operations Manager, among others.
Since February he has been leading the general management of the Group, and has taken the big challenge of leading the future of the company and keep it in its leading position in the infrastructure and construction markets.
In this note, we have compiled Luis’ statements at his recent interview with Semana Económica, where he discusses the big challenges the company will have to face, and the permanent work of all the team, committed with the future of the company and the country.
Luis Díaz, the corporate general manager, feels that G&M has never envisioned itself as the biggest, though as the most reliable company. Thus, all efforts are being made to improve the company’s reputation.
During the interview, Luis offers a mea culpa on the errors made by Graña y Montero, errors which have left a big footprint, which is now encouraging them to improve:
We have been asked where we went wrong, and I must say this straightforwardly: we prioritized growth rather than reputation. We based ourselves on an experience we thought we could use as a guarantee, but we were a bit too arrogant. Thus, this company should be focused on making us a good example for Good Corporate Governance and compliance in the country. We are positive to achieve this.
On the other hand, Luis shares the new business strategy of the company and the sectors in which the company is willing to focus to contribute to the development of the region. “This crisis has made us rethink the strategy. We will focus this on Engineering and Construction, Infrastructure and Real Estate. We want Graña y Montero to become a company of engineering services and regional construction, based in Peru, Chile and Colombia”.
Likewise, he adds: “In infrastructure, we have the expertise in gas and oil, roads – transport and some sanitation projects. We will focus more on this type of projects, first.
Luis mentions that Graña y Montero is currently a company that is much more focused on trying to work more efficiently.
Please, read the full interview here: