Carlos F. Pellas
Chairman of the Board
BAC Florida Bank and BAC-Credomatic Network
SER Corporation
Carlos Pellas is chairman of the board of BAC Florida Bank, an FDIC-member bank
chartered in the State of Florida, and of BAC-Credomatic Network, the largest and most
sophisticated banking and credit card business in Central America. BAC-Credomatic has
more than 1.5 million customers and processes credit card billings of more than $5 billion per
year. (In 2005, GE Capital, through a wholly owned subsidiary, acquired 49.99 percent
of BAC-Credomatic Central America.) He is the major shareholder of Grupo Pellas, a
conglomerate of financial, industrial, and commercial companies with over 25,000 employees.
Mr. Pellas is chairman of the board of SER Corporation; owner of Nicaragua Sugar Estates
Limited, the second-largest sugar mill in Central America; and Companía Licorera de
Nicaragua, maker of Flor de Caña and other rums with sales of more than 3 million cases
worldwide. Mr. Pellas is also the chairman of the board of GBM Corporation, an IBM
alliance company with exclusive distribution rights of all IBM products and services
in Central America and in the Dominican Republic. He is a director and a partner of
Casa Pellas, which distributes Toyota, Hino, Suzuki, and Yamaha products in Nicaragua.
Mr. Pellas is involved in many philanthropic initiatives. He is a member of the board
of trustees of INCAE Business School, one of the top business schools in Latin America,
which has graduated more than 5,000 MBAs in its 40-year history; American Nicaraguan
Foundation, which has channeled more than $1 billion dollars to Nicaragua in the last
15 years; Asociación Pro Niños Quemados de Nicaragua, headed by his wife, Vivian,
which has provided more than 30,000 surgeries free of charge to child burn patients in
Nicaragua; and International Game Fishing Association, a nonprofit organization dedicated
to the protection of game fish throughout the world.
Mr. Pellas has been the recipient of many awards. The Association of American Chambers
of Commerce in Latin America named him the 2005 Businessman of the Year, his peers
chose him as the most admired Central American businessman in the March 2008 edition
of Estrategia y Negocios, and he was distinguished in April 2008 by the president of Italy
with the Order of the Stella Della Solidaritá Italiana.
He holds a BA in economics, an MA in food research, and an MBA, all from Stanford
University.
Mr. Pellas and his wife, Vivian, reside in Managua, Nicaragua. They are the parents
of three children.