Mr. Rancé joined Telvent in 1990, at the time of incorporation of the company's Mexican subsidiary. Prior to Telvent, he spent five years running his own energy management systems business. Before that, he spent 24 years with the main power utilities in México: Luz y Fuerza del Centro (LYF) and Comisión Federal de Electricidad (CFE), both government utilities held various executive operations positions. Rancé has a bachelor's degree in electrical and mechanical engineering from Universidad Autónoma de México (UNAM), and a master's degree in power systems from Pennsylvania State University.