Carlos Bremer Passed Away at the Age of 63

Carlos Bremer, President and Director General, Value Grupo Financiero, passed away on Friday, Jan. 5, 2023. The Mexican entrepreneur was hospitalized earlier this week following a fainting episode believed to be associated with a preliminary heart condition. Local media, along with political and business leaders have mourned the passing of this business leader.

In a statement to the Mexican Stock Exchange (BMV), Value Grupo Financiero confirmed that Carlos Bremer passed away at a hospital in the Monterrey Metropolitan area, citing a fragile health condition presented on Jan. 2, 2024. The entrepreneur passed away at the age of 63. 

The company acknowledged Carlos Bremer's contribution to the organization since he was appointed Director General in 1993. Value Grupo Financiero noted that under his administration, the company increased its equity and position within the Mexican market. The company highlighted Bremer’s philanthropic contributions as he supported diverse initiatives regarding sports, education, and arts, among other causes. 

Value Grupo Financiero has shared its commitment to uphold Bremer's legacy, by maintaining support for sports and philanthropic causes. “Value Grupo Financiero and its staff extend a heartfelt tribute to Mr. Bremer, a man of unwavering values, lofty ideals, and exceptional leadership. He embodied a profound sense of humanity and a strong commitment to society: an entrepreneur who fervently believed in, supported, and loved Mexico," the company said in a statement. 

The entrepreneur is estimated to have positively impacted approximately 53,000 athletes, according to Ana Guevara, Director, National Commission for Physical Culture and Sport (CONADE). Among the most outstanding athletes supported by Bremer were racquetball player Paola Longoria, boxfighter Juan Manuel Márquez, and Saúl “Canelo” Álvares, among others.

The company stated that José Kaún will be the interim Director General of Value Grupo Financiero and its subsidiary Value until the Board of Directors holds a session to ratify the appointment.  

Business organizations, along with both business and political leaders, have expressed their condolences over the passing of Bremer, recognizing his significant contributions to Mexico's economy and society. "Together, we worked on various sports promotion activities, such as organizing the world's largest boxing class in the City. The last time I saw him was at an event in Nuevo Leon, where he pledged to continue collaborating in the transformation of Mexico. My solidarity and affection go to his family and friends,” said Claudia Sheinbaum on her X account. 

Among other figures that paid their respects were Carlos Salinas Pliego, Founder, Grupo Salinas; Miguel Torruco Garza, Minister of Tourism; Governor of Nuevo Leon Samuel García; and journalist Joaquín López Dóriga. “Carlos Bremer was a great man, a proud native of Nuevo Leon, a tireless worker, one of the most prominent advocates for the state, and a true altruist at heart. He was an exceptional human being, and we will not forget him,” said García.