ICA Appoints Alfonso Gonzalez Migoya to Its Board of Directors

MEXICO CITY, Nov. 24, 2015 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA), the largest infrastructure and construction company in Mexico, announced today that Alfonso González Migoya joined its Board of Directors as a non-independent director effective November 23, 2015. He replaces Salvador Alva Gómez who resigned from the Board in order to devote more attention to his principal professional obligations. Mr. González will serve as an interim member of the Board until the Annual Shareholders' Meeting to be held in April 2016.

Alfonso González Migoya is currently the non-executive Chairman of Volaris. From 2009 to 2014 he was Chairman and CEO of Grupo Industrial Saltillo. He served as Vice President for Finance of Grupo Alfa for more than a decade, was CEO of Alestra, Executive Vice President and CFO of Grupo Financiero BBVA Bancomer, and was director of Finance and general manager of the Chemical and Plastics division of Cydsa. 

He is a member of the boards of Banregio Grupo Financiero, Bolsa Mexicana de Valores, Instituto Tecnológico de Monterrey, FEMSA, Coca-Cola FEMSA and NEMAK.

Mr. González Migoya is an Electromechanical Engineering graduate of the Instituto Tecnológico de Monterrey and has an MBA from the Stanford University Graduate School of Business.

This press release contains projections or other forward-looking statements related to ICA that reflect ICA's current expectations or beliefs concerning future events. Such forward-looking statements are subject to various risks and uncertainties and may differ materially from actual results or events due to important factors such as changes in general economic, business or political or other conditions in Mexico, Latin America or elsewhere, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico or Mexican companies, changes in tax and other laws affecting ICA's businesses, increased costs, unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms and other factors set forth in ICA's most recent filing on Form 20-F and in any filing or submission ICA has made with the SEC subsequent to its most recent filing on Form 20-F. All forward- looking statements are based on information available to ICA on the date hereof, and ICA assumes no obligation to update such statements.

Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company. ICA carries out large-scale civil and industrial construction projects and operates a portfolio of long-term assets, including airports, toll roads, water systems, and real estate. Founded in 1947, lCA is listed on the Mexican and New York Stock exchanges. For more information, visit ir.ica.mx

For more information, please contact:

Elena Garcia
elena.garcia@ica.mx

Gabriela Orozco
gabriela.orozco@ica.mx

relacion.inversionistas@ica.mx
+(5255) 5272 9991 x 3608

Gabriel de la Concha
gabriel.delaconcha@ica.mx
Chief Financial Officer 

In the US:
Daniel Wilson, Zemi Communications
+(1212) 689 9560
dbmwilson@zemi.com