News Column

Gaining Higher Ground

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Michael J. Castro
CFO & Senior Vice-President
Delta Dental of California
Michael J. Castro is chief financial officer and executive vice-president of Delta Dental of California, where he oversees all financial operations for the $4.4 billion, not-for-profit corporation, the largest dental benefits provider in the state, and its affiliates under a parent holding company, which altogether provide benefits to 20 million people in 16 states and the District of Columbia. His prior positions with the company include senior vice-president and vice-president of finance/controller. Previously he was a partner with the audit firm Clare, Chapman, Storey & Castro. He holds a BS degree from California State University, Sacramento and is a CPA.

Eduardo Castro-Wright
President & CEO
Wal-Mart Stores, USA
Wal-Mart Stores, USA promoted Eduardo Castro-Wright to the position of president and CEO in September 2005, from his previous position as executive vice-president and CEO. Mr. Castro-Wright joined Wal-Mart in 2001 as president and chief operating officer of Wal-Mart Mexico, and was promoted to president and CEO in 2003. Prior positions include president and CEO of Honeywell International Inc.'s Transportation and Power Systems, of Honeywell Asia/Pacific, of Nabisco Inc.'s Asia Pacific operations, of Nabisco Mexico, and of Nabisco Venezuela. He was born in Ecuador and has a degree in mechanical engineering from Texas A&M University.

Alvaro G. de Molina
CFO
Bank of America Corporation
Alvaro G. de Molina is chief financial officer of Bank of America and a member of the bank's Risk & Capital and Management Operating Committees. His span of responsibility includes finance, corporate treasury, corporate investments, and investor relations. Previous positions include CEO of Banc of America Securities, president of global capital markets and investment banking, and corporate treasurer. Born in Havana, Mr. de Molina holds a bachelor's degree in accounting from Fairleigh Dickinson University and an MBA from Rutgers University, and completed the Duke University Advanced Management Program.

Arturo Elías
President & Managing Director, GM de México
General Motors
Arturo S. Elías has been president and managing director of GM de México since 2001. His responsibilities include vehicle sales, service, and marketing in Mexico, the Caribbean, and Central America, as well as management of vehicle and power train manufacturing operations in Mexico, including an engineering design center and foundry operations. His many previous executive positions with GM have taken him to Argentina, Germany, Michigan, Chile, Peru, Bolivia, Venezuela, Belgium, and New York City. He holds a bachelor's degree in electrical engineering and a master's degree in industrial engineering from Purdue University, and an MBA from the University of Chicago.

Carlos M. Garcia
Executive Managing Director; Chief of Banking & Insurance Operations
Countrywide Financial Corp.
Carlos M. Garcia is executive managing director and chief of banking and insurance operations for Countrywide Financial Corporation (CFC), a diversified financial services provider and member of the S&P 500. As such he provides oversight and strategic direction to all insurance and banking activities. Since joining CFC in 1984, Mr. Garcia has led its expansion, serving as CFO of Countrywide Capital Markets, CEO of Countrywide Insurance Group, and CFO of Countrywide Financial Corp., and has overseen all corporate operations. He holds a BS degree in business and accounting from California State University, Long Beach and is a CPA.

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