Orbia’s Chief Financial Officer, James Patrick (“Jim”) Kelly, has been featured in Forbes Mexico’s 2024 list of the top 20 CFOs for the second consecutive year. At a ceremony held on July 11 in Mexico City, Treasury Director Mariana Agüeros Martínez accepted the award on Kelly’s behalf. The 2024 ranking highlights executives who have shown exceptional financial leadership through challenging times, driving value through digital transformation, talent management, and business model optimization initiatives. The ranking was determined by Forbes’ proprietary financial management index, which included data from 2023 financial results across ten comprehensive indicators, including profitability, EBITDA, free cash flow, debt, and more. Kelly ranked #12 on the top 20 list.
“Receiving this recognition for the second year in a row from Forbes is an honor and reflects the dedication of our broader finance and business teams. It’s a true testament to Orbia’s commitment to meeting customer needs and addressing some of the world’s most pressing challenges,” said Kelly. “Our evolution from a leading commodities producer in Mexico to a global sustainable solutions company has positioned us favorably to serve critical markets, including basic and advanced materials, water and sanitation management, precision agriculture, and connectivity infrastructure, enhancing lives globally.”
Kelly added, “Despite macroeconomic turbulence, we have maintained our long-term perspective focused on strategic value creation. By exercising rigorous cost management discipline while pursuing portfolio expansion and selective investments in green technologies, we are paving the way for a brighter future for our stakeholders worldwide and ensuring sustained returns for our shareholders.”
Orbia trades on the Mexican Stock Exchange (BMV: ORBIA) and is one of 30 members included in the S&P/BMV Total Mexico ESG Index and one of 34 Mexican companies committed to the Science-Based Targets initiative (SBTi).
During Kelly’s tenure, Orbia has received numerous recognitions from third parties, such as continued inclusion as a component of the FTSE4Good Emerging Index (since 2015) and the Dow Jones Sustainability Indices (DJSI MILA Pacific Alliance Index) (since 2019). In 2023, Orbia was named a responsible business by Expansión, a Mexican economic journal, and received a seat on the Board of Directors of the United Nations (UN) Global Compact Mexico. In 2022, Orbia successfully issued its second offering of sustainability-linked bond notes into the Mexican market. The company generated $8.2 billion in revenue in 2023.
Orbia Advance Corporation, S.A.B. de C.V. (BMV: ORBIA) is a company driven by a shared purpose: to advance life around the world. Orbia operates in the Polymer Solutions (Vestolit and Alphagary), Building & Infrastructure (Wavin), Precision Agriculture (Netafim), Connectivity Solutions (Dura-Line) and Fluor & Energy Materials (Koura) sectors. The five Orbia business groups have a collective focus on ensuring food and water security, expanding information access and connectivity and advancing decarbonization and the energy transition with basic and advanced materials, specialty products and innovative solutions. Orbia has a global team of over 24,000 employees
