Finance Colombia

New Details Emerge On How Medellín Mayor Daniel Quintero Provoked Ruta-N Board Walkout

The board of directors then asked for a meeting with the mayor at the end of July, which they did not get. In their regular board meeting, August 12, the board of directors again asked Quintero’s secretary of economic development, Alejandro Arias for a meeting with the mayor to...

Posted On September 3, 2020

, By Loren Moss

Guest Editorial: Restore Confidence in Medellín

In recent weeks, the harmony of Medellin's governance with the city's civil society has been affected by a series of decisions originating from the Medellin mayor's office that interfere with the regulations and corporate governance of companies so emblematic of the city & the...

Posted On September 1, 2020

, By Sergio Escobar

From Tomato-Thrower To Banana Republican, Can Medellin’s Mayor Daniel Quintero Learn Good Governance (Please?): Op-Ed

Only 8 months into his term as mayor of Medellín, tomato-throwing Daniel Quintero has managed to unite Paisas from labor unions to corporate giants against him.Multiple boards of directors have resigned, and Fitch has downgraded the city-owned utility's credit, citing 'governance...

Posted On September 1, 2020

, By Loren Moss

EPM’s Board Drama Continues: 2 More Nominees Reject Mayor Quintero’s Appointment

Luis Fernando Rico, former general manager of another Colombian utility giant, Isagen along with the general manager of Colombian weekly newsmagazine Semana both rejected Quintero’s appointments, joining Claro Colombia CEO Juan Carlos Archila and Grupo Santo Domingo’s Alberto...

Posted On August 25, 2020

, By Loren Moss

Medellín’s Governance Crisis Spreads To Tigo Une: Federico Arango Toro Resigns Board Via Scathing Repudiation Of Mayor Daniel Quintero

“The recent acts under your responsibility as manager of EPM, and being mayor, as the president of its board of directors, reconfirms to me that the necessary identity of principles no longer exist to continue acting in the representation of EPM, for that I am presenting my...

Posted On August 19, 2020

, By Loren Moss

Ventilator bellows as designed by Medellín's Innspiramed initiative. Photo courtesy: Ruta N

In A Rebuke To Mayor Daniel Quintero, Beverage Giant Postobón Withdraws From COVID-19 Pact With Medellín

Colombian soft drink producer Postobón has announced it is pulling out of the Innspiramed mechanical ventilator project due to concerns over governance and political intrigue following the resignation of the initiative’s manager Gabriel Sanchez, and Ruta-N’s entire board of...

Posted On August 18, 2020

, By Loren Moss

Potential Board Appointees Turning Their Back On Medellín Mayor Daniel Quintero

Preciado took to Twitter to publicly reject the offer. Curiously these public rebukes took place after Quintero announced the appointments, leaving the question of whether he spoke to these individuals beforehand.

Posted On August 18, 2020

, By Loren Moss

Medellín's Féria de las Flores. Photo credit: Loren Moss

Guest Editorial: Another 8/11 To Remember

The decisions of Mayor Quintero and his CEO at EPM without having his Board of Directors present on one side; and on the other with a similar behavior in Route N put asunder respect for the institutions and good governance of both entities; valuable heritage of our community.

Posted On August 18, 2020

, By Sergio Escobar

CEO, Entire Board Of Medellín’s Ruta N Resign 1 Day After EPM’s Board, Deepening Crisis For Mayor Daniel Quintero

Just one day after the board of directors of Medellín utility EPM resigned in protest, Medellín technology incubator Ruta N’s entire board of directors, citing a lack of confidence in Quintero’s stewardship.

Posted On August 17, 2020

, By Loren Moss

Ruta-N Launches #InnovaPorLaVida Initiative To Seek Innovative Weapons Against COVID-19 Pandemic

Medellín’s entrepreneurship incubator Ruta-N has launched a participatory initiative that seeks to generate rapid solutions that contribute to prevention, care and control of the COVID-19 Coronavirus Pandemic.

Posted On April 13, 2020

, By Loren Moss