Grupo Lakas is organized according to the various countries wherein it maintains a presence, and the industry sectors of interest. The Group is active principally in Panama and Peru, but also in the U.S.A. and in Asia. The industry sectors of interest are power generation, engineering, maritime services, and fuel and mineral development.

Historically, the Group originated with the arrival of Basilio Demetrio Lakas in Panama and their involvement in the real estate, fishing and maritime industries. The Group evolved into an engineering concern dedicated to developing infrastructure projects in Panama, and further developing its interests in the maritime industry.

During the late 1990s, the Group branched out into fuel exploration and power generation. During the mid-2000s, the Group fanned out from its origins in Panama to engage in power generation projects in Peru. Today, the Group is consolidating its position in Panama, while developing projects in both Peru and Panama. Operations in Asia and U.S.A. are principally holding companies intended to assist with financing projects in Latin America.

Structure

The Group is owned by the Lakas family and is governed by a Board of Directors with a strong collaboration from an Advisory Board. The Chairman of the Board of Directors, President, and Legal Representative is Mr. Otto Demetrio Lakas, son of former President Demetrio Basilio Lakas.

The Board of Directors is composed of seven members, each with a specific area of expertise. It holds a meeting once a month or upon request of the Chairman of the Board and together with the Advisory Board, aids the Chairman of the Board in guiding the Group in achieving its objectives.

The Advisory Board is comprised of five former members of the Board of Directors, who hold a special position in the company hierarchy given their past contributions and extensive experience in matters of interest to the Group. Its main task is to provide the Board of Directors and the Chairman of the Board with guidance in all pertinent matters.

The Chairman of the Board of Directors handles the responsibility towards the fulfillment of the Group’s yearly goals. His main task is to lead the group in all matters as well as direct the business of the companies affiliated with the Group.

Corporate Governance

Companies by Sector

The Group is divided among the industry sectors of interest. These are: