Grupo Argos: the end of an era after Velásquez's presidency
The shareholder meeting of Grupo Argos, held yesterday, marked the end of Jorge Mario Velásquez's presidency, who will leave office on March 31, after 42 years in the organization.
TL;DR
- Jorge Mario Velásquez is retiring as president of Grupo Argos on March 31 after 42 years.
- During his tenure, Grupo Argos simplified its corporate structure, reduced net debt from $13.3 trillion to near zero, and increased consolidated net profit from $0.6 trillion to $4.3 trillion.
- Shareholders praised the company's transformation and the dismantling of cross-shareholdings within the Antioqueño Union.
- Grupo Argos distributed $11.5 trillion to shareholders in 2025 through share transfers, dividends, and buyback programs.
- An ordinary dividend of $750 per share was approved, payable in four quarterly installments from April 2026 to January 2027.
- The company reported 2025 revenues of $11.7 trillion, an EBITDA of $2.9 trillion, and a net profit of $4.3 trillion.
- A new share buyback program of up to $500 billion over three years was approved.