"On Wednesday, the organization announced that Anne Jakrajutatip was replaced as CEO. Jakrajutatip made history as the first woman to own the 74-year-old pageant when her Thai-based company, JKN Global Group, purchased the organization from Endeavor for $20 million in October 2022. She's being replaced by Mario Búcaro, a former diplomat who most recently served as the Miss Universe Organization's vice president for international relations."
"Búcaro has previously worked as the ambassador of Guatemala to Israel, Mexico, Bulgaria, and Cyprus. He also served as Guatemala's Minister of Foreign Affairs for two years before joining Miss Universe. A new regime The organization said Búcaro will work alongside Raul Rocha, who will continue to serve as president, a title he has held since Jakrajutatip sold a 50% stake of Miss Universe to his company, Legacy Holding Group USA Inc., in January 2024."
"Jakrajutatip and the Miss Universe Organization didn't immediately respond to requests for comment. Jakrajutatip has been involved in numerous scandals over the past few years. Miss Universe said in its announcement that Búcaro helped the pageant expand "its presence to over 130 countries." As the new CEO, he will continue to focus on global outreach and "enriching the candidate experience while upholding integrity and fairness.""
Beauty queens will arrive in Thailand for the Miss Universe pageant from November 2 to 21. Anne Jakrajutatip was replaced as CEO of Miss Universe. Jakrajutatip bought the 74-year-old pageant in October 2022 for $20 million through JKN Global Group, becoming the first woman owner. Mario Búcaro, a former Guatemalan diplomat and the organization's vice president for international relations, will become CEO. Raul Rocha will remain president after acquiring a 50% stake through Legacy Holding Group in January 2024. Miss Universe credited Búcaro with expanding its presence to over 130 countries and said he will prioritize global outreach, candidate experience, integrity, and fairness. Jakrajutatip has been involved in numerous scandals over recent years.
Read at Business Insider
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