Don Eduardo Leon Asencio

[NewsWhore]

Don Eduardo Leon Asencio passed away in his sleep last night, after suffering a heart attack. He was recovering from a knee operation performed at the Mayo Clinic in Rochester, Minnesota. Public relations people at the Leon Jimenes Group told El Caribe that the public would be informed as to the time and date of the funeral. Don Eduardo was the eldest brother of the family that owns La Aurora, Presidente beer, Sherman-Williams paint and Banco Leon, among their main interests. Don Eduardo served as chairman of the board for the bank and the group. Long a prominent business figure within the tobacco industry, Leon Asencio was part of the Santiago Development Association that founded the PUCMM, the Cibao Savings and Loan Association and the Superior Agricultural Institute (ISA). Don Eduardo was also a public servant, serving as Vice-Minister of Industry in 1955, ambassador to the Court of St. James and ambassador to the United States. Under his leadership the biennial art prizes were instituted and the Centro Leon Cultural institution was founded.

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