The juice maker and soft drink producer Jugos del Valle said yesterday that its CEO Eduardo Marino has left the company for personal reasons, after 16 years with the Mexican group.

However Jugos del Valle said Marino will continue to collaborate on some projects.

Chairman and President Roberto Albarran will assume CEO duties, it said in a press release.

The company, which is undergoing an audit by an independent committee, also said that it would likely be presenting a cost-cutting plan by the year's end.