Aliansce Shopping Centers announced that the Board of Directors appointed Rafael Sales as the Company's new CEO, in succession of its founder and current CEO, Renato Rique, who will assume the office of Executive Chairman of Aliansce's Board of Directors. Rafael Sales' appointment as CEO concludes Aliansce's leadership succession plan, which started in May 2017. A partner and portfolio manager at Constellation Asset Management for over ten years before becoming an executive at Aliansce, Mr. Sales was concurrently an Independent Member of Aliansce's Board for three years.

Mr. Rique will continue to contribute to the Company, leading the Board of Directors and coordinating the activities of the Board and of the Company's officers, monitoring the implementation of business strategies, and representing Aliansce in its institutional relations.