The announcement of the creation of Grupo JRI was made on Thursday, November 28, 2024, at the Ritz Hotel in Santiago, an event attended by employees from the Chilean companies within the conglomerate.
“The change we are initiating marks a significant shift in how we have managed JRI and its subsidiaries and affiliated companies,” stated Juan Rayo, the company’s founder. Along with his wife and co-founder, Nora Calderón, he explained the reasons behind this transformative decision to consolidate the companies into a large corporation.
Catalina Rayo, the youngest daughter of the founders, opened the event by greeting attendees and presenting a video about JRI’s trajectory and its vision for the future. She also introduced the speech given by her parents regarding this announcement.
While expressing their gratitude for the hard work and commitment of all employees across the group’s companies, both founders outlined their vision for the future. “A holding or group with a strong corporate board that leads, creates synergies, and ensures continuous alignment between the objectives of each company and those of the group,” emphasized Juan Rayo regarding the creation of Grupo JRI.
Nora Calderón, in turn, stressed the need to provide greater support to the companies associated with JRI. “We want all of them to thrive, which is why we decided that a group with proper governance should exist to drive the growth of each subsidiary and affiliate,” she stated.
For Juan Rayo, this transformation will make business management more efficient and effective. “A corporate group will always aim to ensure that all its parts operate at an equivalent level. Grupo JRI will oversee combined management coordination, global finances, and consolidated accounting. However, each company will remain autonomous in its operations.”
Following the founders’ remarks, Francisco Rayo, who will serve as the General Manager of the holding company (Grupo JRI SpA) as well as its Chief Financial Officer, outlined the details of this restructuring and the steps involved. He also explained the new group’s role: “The goal of this restructuring is for Grupo JRI to achieve sustainable growth, create new companies, and generate greater value in existing entities. In the long term, we will even consider going public,” stated Francisco Rayo.
At the close of the event, Juan Rayo affirmed, “We have a strong brand. We must take advantage of the mining boom in the coming years and seize the market.”
