- U.S.-traded shares of debt-burdened Mexican construction giant Empresas ICA (NYSE:ICA) fell 14.3% in today's following the resignation of CEO Alonso Quintana, the latest top-level management move which began in December with the exit of the CFO.
- ICA has been pressured by a weaker Mexican peso on its dollar-denominated debt as well as a decline in earnings at its construction division and delays in payments on government contracts.
- Longtime company veteran Luis Zarate is named as the new CEO.