Panama Canal Authority CEO Honored for Business Leadership During APEC CEO Summit

• Alemán Zubieta Receives Américaeconomía “Excellence Award” For Business Practices And Leadership    

PANAMA CITY, Panama, November 24, 2008 – For successfully moving the Canal from a profit-neutral utility to a business-oriented enterprise, the Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta was honored with an Excelencia Award at the Miraflores Park Hotel in Lima, Peru Thursday parallel to the Asia-Pacific Economic Cooperation (APEC) CEO Summit 2008.

“I am honored to receive this award by AméricaEconomía, and I appreciate the recognition for the work we do at the ACP,” said Mr. Alemán Zubieta. “The ACP has undergone a pivotal transformation since the handover in 1999 and, as we look to the future with an expanded Canal, we hope to continue our brand of business leadership and commitment to excellence.”

Prior to the award ceremony, Mr. Alemán Zubieta joined other prominent global business and economic leaders including Corporacion Andina de Fomento (CAF) CEO Enrique Garcia, Former Prime Minister of Peru Pedro Pablo Kuczynski, Peru’s Minister of Finance Luis Valdivieso Montano and Interbank CEO Carlos Rodríguez-Pastor in roundtable discussions on infrastructure and energy under AméricaEconomía’s “The New Wall Street” conference. Panelists also discussed benefits of globalization and addressed issues that affect the region, such as energy security, personal security, climate change and sustainable economic growth.

The Excelencia Award is the fifth in a series of prestigious awards granted to the ACP in 2008, following international recognition of the expansion project and other operational achievements.

About AméricaEconomía
The 20^th annual “Excelencia” issue of AméricaEconomía showcases leaders from Latin America who have distinguished themselves and their enterprises by developing business opportunities beyond local borders.

About the Panama Canal Authority (ACP)
The ACP is the autonomous agency of the Government of Panama in charge of managing, operating and maintaining the Panama Canal. The operation of the ACP is based on its organic law and the regulations approved by its Board of Directors. For more information, please refer to the ACP’s Web site: http://www.pancanal.com/.