Corporate Governance

Augusto Reyes Vargas

Chairman

Augusto Reyes Vargas is a business administrator, he belongs to the fifth generation of a family of tobacco tradition from Santiago de los Caballeros, Dominican Republic.

In 1984 he began to work in the Dominican banking where he became financial director of the entity with only 28 years. In 1987 he joined the Flor de los Reyes family business, where he developed fundamental knowledge in the tobacco sector, learning from his family the entire tobacco production process from harvest to marketing.

A decade later, he made his way as an entrepreneur creating his own company De los Reyes Cigars, a free zone dedicated to the production and export of handcrafted cigars with the highest quality standards. With this project, he managed to export 12 million units of cigars per year, to 18 different countries, among which the United States, Spain and Switzerland stand out.

In 2011, given his great experience in the tobacco sector, he started a partnership with the company Swisher International, the number one company in sales of cigars in the United States, creating Swisher Dominicana.

Thanks to his vision, dedication and tenacity, Swisher Dominicana became the largest producer of cigars in the world, with a total of 17 billion cigars produced and exported to date. Currently Augusto Reyes Vargas is President of the Association of Free Trade Zone Companies and member of the American Chamber of Commerce in the DR, of the Santiago Chamber of Commerce and Production, Adozona, Airen, Dominican Agribusiness Board and Procigar.

Augusto Reyes Estrella

President

Augusto Reyes Estrella is a business administrator with studies in Negotiation, Finance for Marketing and Wealth Management. In 2010 he founded and developed Augusto Reyes Cigar CO. Miami FL, company in charge of the import, logistics, distribution, sale and marketing of handcrafted cigar products by De Los Reyes Cigar CO, doubling sales and increasing profit margins per product.

Currently Augusto Reyes is Executive President of the ARV group, COO (Chief Operating Officer) of MTP and Swisher Dominicana, the largest exporter of cigars in the Dominican Republic in 2020 with sales exceeding US $ 140,000,000.00 and an annual production of 3 billion units. He is also CEO of Reyes Estrella Logistics, exclusive distributor of Swisher Sweets products in the Dominican Republic and the Caribbean.

His most recent project is Insight Pack International, a pioneering flexible packaging factory in the manufacture of high-quality pouches in the DR and one of the most modern printing companies in the Caribbean, in which he serves as CEO. Augusto is also part of the Board of Directors of Swisher Dominicana and a member of Lavca (Association for Private Capital Investment in Latin America), the Association of Free Trade Zone Companies, the American Chamber of Commerce in the DR, Adozona and Procigar.

Isis A. Reyes Estrella

Board Member

Isis Reyes Estrella is a Financial Manager and Auditor with an MA in Finance and Investments from the London School of Business and Finance and an MBA from the IE Business School in Madrid. He led the creation of the Internal Audit & Control department of Swisher Dominicana, where he is currently the Finance Senior Director, impacting directly in the company results with an average of 7.8% decreased in cost per audit. He is also in charge of the hospitality branch of ARV Group; as director of Saga Restaurant & Cigar Club, he accomplished an increase of 120% in sales, focusing on quality and customer loyalty.

Eduardo Trueba

Board Member

Eduardo Trueba is a lawyer with an LL.M. in Business Law from Columbia University and a D.S.U. in Commercial Law from the Université Pantheón-Assas, Paris II. He served as an associate at the firm Pellerano y Herrera and Managing Partner at the J. M. Cabral y Báez Office. He was Vice-president of the Executive Office of the Center for Alternative Dispute Resolution and Secretary of the Board of Directors of the Santiago Chamber of Commerce and Production and Vice President of the Association of Lawyers and Law Students of the Pontificia Universidad Católica Madre y Maestra. He is currently Legal Vice-president of Swisher Dominicana and Legal Director of ARV Group, member of the Association for Development (APEDI), the National Association of Young Entrepreneurs (ANJE) and the Bar Association of the Dominican Republic.

Miguel Pascual F.

Board Member

He is a physicist and chemist from the University of Barcelona with studies in Economics and Business. He was a founding partner and manager of Fotoinformática, a prepress company based in Barcelona. He served as Economic Vice-president of the Guild of Graphic Industries of Catalonia and Vice-president of the Antonio Algueró School of Graphic Arts, from 1997 to 2004. He was appointed Technological Expert of the Ministry of Education and Science of Spain, from 2001 to 2003 and treasurer of the Federation of Graphic Arts of Spain from 2001 to 2004. He is currently Vice-president of Cigar Rings in the Dominican Republic and Nicaragua, companies of which he is also a founding partner.

Nicolás M. Díaz

Board Member

Nicolás M. Díaz is a Chartered Financial Analyst, with a master’s degree in corporate finance from the Institut d’Administration des Entreprises, Université Paris XII and a diploma in Valuation from NYU. He has more than 12 years of experience in financial and valuation consulting services, an expert in corporate finance, investment projects and asset management. He was Manager of Financial Consulting at PwC and CFO of El Catador / Grupo Bona. He is currently an independent member of the Board of Directors of Grupo Peña Defilló, of the Board of Directors of Body Shop Athletic Club and of the Steering Committee of CENTRIMED, Centro de Radiología in Santo Domingo.

Albert Montserrat Izquierdo

Board Member

Albert Montserrat Izquierdo has a degree in Company Senior Management from the EMI Academy of Barcelona, with studies in History and Geography at the Autonomous University of Barcelona. He was Manager of Commercial del Relieve and Manager of Plasresur in Spain, as well as Manager of Graphic Creations in Cuba. He is currently President of Cigar Rings in the Dominican Republic and Nicaragua, companies of which he is also a founding partner.