We deeply regret his passing in 2016. He was a person with a visionary spirit, deepseated values, a concerted approach, curiosity for doing things differently, strong composure and a great businessman –traits that define the person who was the fundamental pillar that led Liverpool to become the great Company it is today.

Upon his return to Mexico, after having completed engineering studies at the Massachusetts Institute of Technology, he arrived at the Downtown Liverpool store on June 1, 1954, with a sincere interest in learning the business. He occupied different positions in practically all of the Store’s areas, including those of sales clerk, manager, and Store Director.

In 1977, Mr. Michel was named Chief Executive Officer, a position in which he broadened the Company’s horizons with the opening of Liverpool Perisur and its Shopping Mall; he also led the way to national development, thereby consolidating the Organization as a company in constant and profitable growth.

He assumed the role of Chairman of the Board of Directors in 1995. On his journeys through the Company’s different areas, he developed and reinforced the reason for our being –to service our customers.

As part of his philosophy of life, he showed interest in helping the community by supporting various schools and public welfare institutions. He dedicated much of his time to people, establishing development and well-being programs that included their families, always true to his belief in the importance of nurturing, motivating, appreciating, and above all, getting to know people.

Thank you, Mr. Michel, for your tireless commitment with Mexico, for teaching us that service and impeccable conduct are the indispensable means to success –that passion for what we do pave the way to achieving results.