QuePasa makes moves to accelerate leadership positions.

QuePasa Corporation announced the appointment of a new executive team charged with improving the technology and growing the brand recognition of Quepasa.com Latino online communities. John C. Abbott will serve as Chief Executive Officer and Chairman of the Board of Directors. Board member Michael D. Matte will become the Chief Financial Officer.

John Abbott joins QuePasa following a career in investment banking and entrepreneurship, most recently serving as strategic and financial advisor to Altos Hornos de Mexico, S.A.B. de C.V. In addition to his activities in Mexico, Abbott launched two ventures in Brazil, namely Click Filmes, a Sao Paulo-based hotel video on demand business and Industria de Entretenimento. Previously, Abbott spent 11 years in JP Morgan’s Latin America Mergers & Acquisitions group.

“QuePasa maintains very strong brand equity which we will enhance via greater investment in technology,” said John Abbott, CEO.

Mike Matte is a senior financial officer with extensive experience with both public and private companies and served on the Company’s board and was the Audit committee chairman until his appointment as Chief Financial Officer. His areas of expertise include IPOs, SEC reporting, raising equity capital and debt restructuring.

“We have a strong combination of talent and resources to make a big difference in the marketplace,” said Mike Matte, CFO of QuePasa. “We are bullish on the growth potential and value of the Hispanic market,” he continued.

Robert Stearns resigned as CEO on Thursday, October 25th to pursue other opportunities. “We graciously thank Rob for his commitment to QuePasa and wish him the best in all future endeavors,” said Abbott.