Corporación Favorita held its Ordinary General Shareholders’ Meeting on April 30 at the Quórum hall of Paseo San Francisco shopping center in Quito. The meeting was attended in person by 1,000 shareholders who reviewed the company’s main results for 2024.
During the session, annual reports from the Chairman of the Board and the CEO were presented, along with reports from the Comptroller, external auditors, and financial statements for the fiscal year 2024. The agenda also included discussions about profit allocation for the year, approval to acquire treasury shares, and elections of board members, comptrollers, and external auditors.
Rubén Salazar, Corporate Manager of Corporación Favorita, stated: “This meeting reflects our shareholders’ ongoing commitment to the sustainable growth of the company. The trust they place in us is what drives us to continue creating economic, social and environmental value for the country.”
Corporación Favorita has maintained a leading position as one of Ecuador’s first companies to open its capital to public investment over its 48-year history. Through its “Plan Fácil ser Accionista” program launched in 2013, thousands of employees—both current and former—as well as retirees have acquired company shares under preferential terms.
As of December 2024, Corporación Favorita reported a total of 20,318 shareholders. Of these investors, 3,648 are active employees. This data underscores both the stability of its business model and confidence among individual and institutional investors as well as members within the organization’s broader community.
