Agenda. Omar Samayoa Introduction & Arthur Velasquez Biography Kelly Potter History of Azteca Susana Mayorga Social Involvement & Human Resources Jung Mo Products, Trends & Technology. Kelly Potter. History of Azteca. History Overview. Founded in 1970 Azteca Corn Products Corporation
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Agenda • Omar Samayoa • Introduction & Arthur Velasquez Biography • Kelly Potter • History of Azteca • Susana Mayorga • Social Involvement & Human Resources • Jung Mo • Products, Trends & Technology
Kelly Potter History of Azteca
History Overview • Founded in 1970 • Azteca Corn Products Corporation • Chicago Mexican-American Businessmen • Sold to Pillsbury in 1984 • Wholly Owned Subsidiary • Acquired Back in 1989 • Renamed Azteca Foods, Incorporated
In The Beginning…1970 • Mexican Food was not Mainstream • Market Niche to Sell Outside Mexican Neighborhoods • Mr. Velasquez and 9 others Contributed $8,000 each to Start • Founded Azteca Corn Products Corporation • Arthur Velasquez Appointed as President and CEO
Divestitures • Faced Increase Competition • Sold to The Pillsbury Company in 1984 • Allowed Azteca to go National • Azteca Acquired as a Wholly Owned Subsidiary
Azteca Foods, Inc. • 1989 Acquired From Pillsbury • Better Equipment • More Systems in Place • Targeted Nationally • Mr. Velasquez Reestablished as President and CEO • Azteca Corn Products Corporation now Becomes Azteca Foods, Inc.
Azteca Today • Owned and Managed by Mr. and Mrs. Velasquez, and 2 of their 6 Children • $33 Million Company • 80% of its Sales Outside Chicago • Produces $3 Million Tortillas Daily • Azteca Continues to Expand – Acquisitions Made
Susana Mayorga Social Involvement & Human Resources
Azteca Employment • 135 Employees • Employee Turnover Less Than 1% • Average Experience on Production is 12+ Years
Programs • Preventative Maintenance Program • Calibration Program • R&D and Engineering Resources
Social Involvement • Azteca Contributes To Many Organizations • American Heart Association • Little Leagues • Non-Profit Organizations • Chicago Food Depository
Human Resources • Union and Non-Union Workers • Benefits • 10 Paid Holidays • 1-4 Weeks Vacation Schedule • Bonus System • Medical and Dental Health Insurance • Life Insurance • 401K Plan
Jung Mo Products, Trends & Technology
Product Line • Flour Tortillas • Corn Tortillas • Tortilla Chip • Taco Salad Shells
Industry Trends • Crossing Ethnic boundaries • Mexican Lasagna, Sandwich Wrap, Pizzas, and Pastry-Type Desserts • Going Global • Azteca Foods Europe • Manufacturing Tortilla Chips for South Korea
Technology • Tortilla Packaging • High Density, Co-Extruded Polyethylene Film • Tortilla Production Line • Azteca’s Automatic Ingredient Handling System • Die Cutting System • 3- Pass Oven
Omar Samayoa Introduction to Arthur Velasquez
Arthur R. Velasquez • He is currently the Chairman, President, and CEO of Azteca Foods. • He received his BS in electrical engineering from the University of Notre Dame and his MBA from University of Chicago. • He is active in business, civic, and service groups on the national scene. • He was the first Hispanic elected to statewide office. • Mr. Velasquez is currently director ofLasalle Bank N.A, The Museum of Science and Industry, Peoples Energy Corporation, Mexican Fine Arts Center Museum.
Arthur Velasquez • He is also a member of many boardsAdvisory Council of University of Chicago, Catholic Charities,The Commercial Club of Chicago, Big Shoulders Fund • His Past Activities Include • Co-Chair of Chicago United • Hispanic Housing Development Corporation • National Director of the Mexican-American Legal Defense and Education Fund (MALDEF) • Director and Past President of the National Tortilla Association
Arthur Velasquez • He truly believes in community work to bring up the rapid developing Latino community, which he spends about a third of his time. • He believes that “success comes from an appropriate mix of community, work, and family.”
A Special Welcome Arthur R. Velasquez