EXHIBIT 99.1
Pharmed Chairman and CEO Joins MasTec Board
CORAL GABLES, Fla., Sept. 8 /PRNewswire-FirstCall/ — MasTec, Inc. (NYSE: MTZ) today announced that Mr. Carlos M. de Cespedes has joined MasTec’s Board of Directors.
Mr. de Cespedes is Chairman and CEO of Pharmed Group Holdings of Miami. In 1980, Mr. de Cespedes co-founded Pharmed with his brother, Jorge, and it has grown under their leadership to almost $600 million in revenues for 2003. Pharmed is the largest minority-owned distributor of medical, surgical and rehabilitative supplies in the United States.
Pharmed has been the recipient of several prestigious awards. Hispanic Business Magazine recognized Pharmed as one of the “fastest growing Hispanic companies in the United States.” Exemplifying the finest innovative business techniques, marketing and sales strategies, as well as management strength and entrepreneurship, Pharmed was awarded the prestigious Cutting Edge Award in 2001 for the state of Florida. In 2003, Pharmed received the Ernst & Young National Entrepreneur of the Year — Life Sciences Category Award and Hispanic Business Magazine’s Trade Industry Entrepreneur Award.
Additionally, in conjunction with Robert L. Johnson, Founder and CEO of BET Network, the de Cespedes interests include minority ownership in Bobcats Basketball Holdings, LLC, which owns and operates the National Basketball Association’s Charlotte Bobcats.
In addition to his professional interests, Mr. de Cespedes has been actively involved in numerous charitable and community organizations, including the Board of Directors for Florida International University. Additionally, he has served on boards for the University of Miami’s ALS Foundation, Mesa Redonda and Alliance for Ethical Government. Support for other community organizations includes the American Red Cross, American Diabetes Association and American Heart Association.
“We are pleased to have an entrepreneur of Mr. de Cespedes’s stature and business talents join us on MasTec’s Board of Directors,” commented Jorge Mas, Chairman of the Board of MasTec. “His experience in a high-growth, highly competitive environment will be a valuable resource for our management team.”
MasTec (http://www.mastec.com ) is a leading communications, broadband, intelligent traffic and energy infrastructure service provider. The Company designs, builds, installs, maintains, upgrades and monitors internal and external networks for leading companies and government entities.
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