Board of Directors

Eustaquio Tomas de Nicolás Gutiérrez is Chairman of Homex’ Board of Directors. Before co-founding our predecessor in 1989, Mr. de Nicolás founded and managed DENIVE, a clothing manufacturing company. Nicolás is a Board Member of the Mexican Stock Exchange since 2005, and has served as regional Chairman and regional Vice Chairman of the Mexican Chamber of Industrial Housing Promoters and Development, or CANADEVI (Cámara Nacional de la Industria de Desarrollo y Promoción de Vivienda) and is member of the regional advisory board of financial institutions such as BBVA Bancomer, Banamex, and HSBC (formerly BITAL). As well, Mr. de Nicolás is board member of IPADE, Business School. Currently, Mr. de Nicolás oversees our main operations, focusing on land acquisition and developing new geographical markets.

Gerardo de Nicolás Gutiérrez is the Company’s Chief Executive Officer. Mr. de Nicolás served as Chief Strategic Officer and head of the Executive Committee from October 2006 to June 5, 2007. Mr. de Nicolás also served as the CEO of the Company from 1997 to September 2006. Prior to his appointment as CEO, Mr. de Nicolás served as regional manager, systems manager, and construction manager supervisor. He holds an undergraduate degree in industrial engineering from Universidad Panamericana, in Mexico City and an MBA from Instituto Tecnológico y de Estudios Superiores de Monterrey in Guadalajara.

Dennis López is the Chief Investment Officer of Paris based AXA Real Estate, the second largest Global Real Estate Investment Manager with over $55 billion of property assets under management. Mr. López is responsible for AXA Real Estate’s Fund Management activities overseeing a team of 110 fund management professionals. The funds comprise a broad range of real estate investment strategies including: opportunistic, value added, core-plus, core, development properties, listed funds, regulated funds and separate accounts. Previously, Mr. López was CEO of SUN Group, a private equity firm focused on real estate activities in India and Russia. Mr. López has a career of over 25 years in Investment Banking and Real Estate Investment Management, where he has occupied senior positions as Global Head of Real Estate at Cambridge Place Investment Management, a London based hedge fund, and as a Managing Director at JP Morgan in New York and London. Mr. López received his MBA from the University of California Los Angeles (UCLA).

Edward Lowenthal is President of Ackerman Management LLC, an investment management and advisory Company with particular focus on real estate and other asset-based investments. Previously, Mr. Lowenthal founded and was President of Wellsford Real Properties, Inc., or WRP, a publiclyowned real estate merchant banking Company now merged with Reis, Inc., a real estate market information and analytics provider. He also founded and was trustee and President of Wellsford Residential Property Trust, a publicly-owned multifamily real estate investment trust that was merged into Equity Residential Properties Trust. Mr. Lowenthal is a member of the Board of Directors of several companies, including, Reis, Inc., where he is non executive Chairman of the Board, Omega Healthcare Investors, Inc., a healthcare real estate investment trust and American Campus Communities, a publicly traded Real Estate Investment Trust which focuses solely on student housing in the United States. He also serves as nonexecutive Chairman of Tiburon Lockers, Inc., a privately held owner-operator of rental storage lockers for transportation, entertainment, sports and other venues.

José Ignacio de Nicolás Gutiérrez is Chairman of the Board of Directors of Nico Commodities S.A. de C.V. a global food trading company. Nico Commodities has been recognized as a Social Responsible Company, by the Mexican Philanthropy Institute (CEMEFI). Mr. de Nicolás served as Minister of Economic Development for the State Government of Sinaloa from June 2007 to December, 2010. Mr. de Nicolás was founder and Chairman of the Board of Directors of Hipotecaria Crédito y Casa, S.A. de C.V., a sofol that became the third largest mortgage bank in México from 1997 to 2007. Mr. de Nicolás also cofounded Homex and served as CEO from 1989 to 1997. Mr. de Nicolás is a member of the regional advisory board of Nacional Financiera (NAFIN ), a Mexican government owned development bank. He is also member of the Board of Directors of Afore Coppel, a retirement fund administrator. As well, Mr. de Nicolás founded and was chairman of a non-profit organization for social assistance in the state of Sinaloa from 2002 to 2005. Mr. de Nicolás received a B.S. in finance and administration from Universidad Panamericana, in México City.

Luis Alberto Harvey MacKissack is Co-founding Partner and Senior Managing Director of Nexxus Capital, S.A. He has more than 20 years of experience in investment banking and private equity. Before founding Nexxus Capital, Mr. Harvey held positions at Grupo Bursatil Mexicano, Fonlyser, Operadora de Bolsa, and Servicios Industriales Peñoles S.A. de C.V. His experience includes several private and public equity transactions and initial public offerings of several major Mexican corporations on the Mexican Stock Exchange (BMV) and international capital markets. Mr. Harvey is a member of the boards of directors of Nexxus Capital, S.A. de C.V., Grupo Sports World, S.A.B de C.V., Genomma Lab Internacional, S.A.B. de C.V., Harmon Hall Holding, S.D.R.L. de C.V., Crédito Real S.A. de C.V. SO FOM , E.N.R., Estudios Clínicos TJ Oriard and Grupo Hotelero Santa Fe, S.A. de C.V., among others. Mr. Harvey is also member of the investment committees of ZN México II , L.P., Nexxus Capital Private Equity Fund III, Nexxus Capital IV and Nexxus Capital Private Equity Fund V. Mr. Harvey received a B.S. in economics from Instituto Tecnológico Autónomo de México (ITAM) and an MBA with a concentration in finance from the University of Texas at Austin.

Rafael Matute Labradoris Executive Vice-President and Chief Financial Officer of Wal-Mart de México. He has been a member of the Board of Directors and the Executive Committee of the Board of Directors for Walmex since 1998; as well, Mr. Matute is a member of the Board of Directors for Banco Wal-Mart de México and Wal-Mart Foundation. He has also been member of Consultative Boards for Banorte, Banamex/Citibank; and Nacional Financiera (NAFIN). He has an MBA from the Instituto de Estudios Superiores de la Empresa (IESE), in Barcelona, Spain. He studied Top Management at IMD in Lausanne, Switzerland and at the Chicago University (GSB).

Wilfrido Castillo Sánchez-Mejorada is CFO of Qualitas Cía. de Seguros, S.A.B de C.V., a Mexican insurance Company. Mr. Castillo is a member of the Board of Directors of Qualitas Compañía de Seguros, S.A.B. de C.V., of Grupo Sports World S.A.B. de C. V., of Banco Autofin México S.A., Institución de Banca Múltiple, of Afianzadora Insurgentes, S.A. de C.V. and Afianzadora Aserta, S.A. de C.V.

Z. Jamie Behar is Managing Director, Real Estate & Alternative Investments, for General Motors Investment Management Corporation (GMIMCo). She manages GMIMCo clients’ real estate investment portfolios, including private market and publicly-traded security investments, as well as their alternative investment portfolios, totaling approximately $9.0 billion. Ms. Behar is a member of the Boards of Directors of Sunstone Hotel Investors, Inc., a publicly listed hotel Company operating in the United States, and the Pension Real Estate Association (PREA), and serves on the advisory boards of several domestic and international private real estate investment entities.