Fomento Economico Mexicano SAB de CV
NYSE:FMX

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Fomento Economico Mexicano SAB de CV
NYSE:FMX
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Price: 83.83 USD Market Closed
Market Cap: 150B USD
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Fomento Economico Mexicano SAB de CV
Investor Relations

Fomento Economico Mexicano SAB de CV, commonly known as FEMSA, is a stalwart in the Latin American business landscape, wielding a vast and diverse commercial empire. Its story is one of steady evolution marked by strategic foresight and business acumen. Originally founded in 1890 as a small brewery in Monterrey, the company's DNA still resonates with its early beginnings, but today, it has expanded far beyond its brewery roots to become a multifaceted conglomerate. As the largest independent Coca-Cola bottler in the world, FEMSA bottles and distributes beverages across Latin America and the Philippines, leveraging its extensive network to reach millions of consumers daily. This beverage arm not only sustains its traditional roots but also acts as a robust pillar that contributes significantly to its revenue stream.

Beyond beverages, FEMSA has diversified its revenue model by delving into the retail industry, notably with its OXXO convenience store chain, which has grown to become a ubiquitous presence throughout Mexico and is expanding into other Latin American countries. With over 20,000 outlets, OXXO has solidified its status as a staple in everyday life, banking on convenience and accessibility, it generates substantial foot traffic a day to sell everything from snacks to last-minute necessities. Moreover, FEMSA's logistics and distribution subsidiary, FEMSA Comercio, serves as a backbone, ensuring efficiency and scale across its operations. With interests in the health sector, through pharmacies and other health-related businesses, and a stake in European quick-service restaurant brands, FEMSA continuously weaves its intricate business matrix, sewing together strategies that guarantee sustainable growth and a steady cash flow.

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Management

Mr. Jose Antonio Vicente Fernandez Carbajal
Executive Chairman of the Board & CEO

José Antonio Vicente Fernández Carbajal is a prominent Mexican businessman known for his leadership role at Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), a leading company in the beverage, retail, and logistics sectors across Latin America. Born in Monterrey, Mexico, Fernández Carbajal has had a distinguished career at FEMSA, one of the largest beverage companies in Mexico, with significant market presence in other Latin American countries and the Philippines. He joined FEMSA in 1988 and climbed the ranks through various strategic positions, eventually becoming the CEO in 1995. Under his leadership, FEMSA notably expanded its Coca-Cola bottling operations, positioning it as one of the largest Coca-Cola bottlers globally. Furthermore, he played a pivotal role in the expansion of OXXO, FEMSA's convenience store chain, which has become the largest convenience store chain in Latin America. Fernández Carbajal is recognized for his forward-thinking management style and focus on sustainable growth and corporate social responsibility. He has also been involved in numerous philanthropic efforts, emphasizing education and community development in Mexico. Beyond his role at FEMSA, Fernández Carbajal has served on the boards of several major companies and organizations, contributing his expertise in both corporate strategy and social initiatives. His leadership and contributions have earned him a respected position in the business community in Mexico and internationally.

Mr. Martin Felipe Arias Yaniz
Interim Chief Financial Officer

Martin Felipe Arias Yaniz serves as an executive at Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), a leading company in Latin America with operations in retail, beverages, and logistics. Arias Yaniz holds a key leadership role where his responsibilities include driving strategic development, overseeing financial operations, and contributing to the overall growth and success of FEMSA. His expertise in economics and business management has been instrumental in expanding FEMSA's market presence and operational efficiency. Under his leadership, FEMSA continues to strengthen its position in the various sectors it operates, leveraging innovation and sustainability as core components of its business strategy. Arias Yaniz is known for his commitment to excellence and his ability to foster strong partnerships and collaborations within the industry.

Mr. Gerardo Estrada Attolini
Director of Administration & Corporate Control

Gerardo Estrada Attolini is a notable executive associated with Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), one of the leading companies in Latin America with operations in beverages, retail, and logistics. Within FEMSA, Mr. Estrada Attolini has played a significant role in various capacities, contributing to the company’s growth and strategic initiatives. His professional experience encompasses expertise in finance and corporate strategy, which has been integral to FEMSA's operations in diverse sectors. Beyond his contributions to FEMSA, Gerardo Estrada Attolini is recognized for his leadership skills and his ability to navigate complex business environments, thereby supporting the company’s dynamic presence in the market.

Mr. Juan F. Fonseca
Vice President of Investor Relations

Juan F. Fonseca is an executive associated with Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), a leading Mexican multinational company. FEMSA is known for its operations in beverage, retail, and logistics sectors, among others. While specific biographical details about Juan F. Fonseca may not be widely available, executives at FEMSA typically have strong backgrounds in business management and leadership within the industry. They often play critical roles in strategizing and managing operations across various sectors where FEMSA is active. If more accurate and detailed information is required, consulting FEMSA's corporate communications or official releases could be beneficial.

Mr. Raymundo Yutani Vela
Director of Human Resources

Raymundo Yutani Vela is an accomplished executive known for his significant contributions to Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), a leading multinational beverage and retail company headquartered in Mexico. He serves as the Director of Innovation and Digital Transformation at FEMSA. In this role, Yutani Vela is responsible for spearheading FEMSA's initiatives in technological innovation and digital transformation, ensuring the company remains competitive in the rapidly evolving business landscape. His work focuses on integrating new technologies to enhance operational efficiency and improve customer experiences across FEMSA's diverse business units. Yutani Vela's innovative strategies and leadership have been pivotal in driving FEMSA's growth and adaptation to digital trends, helping the company maintain its position as a market leader in Latin America and beyond.

Mr. Alfonso Garza Garza
CEO of Negocios Estratégicos & Director

Alfonso Garza Garza is a notable Mexican business executive, known for his significant contributions to Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), one of the largest beverage and retail companies in Latin America. He was born in Monterrey, Mexico, and has built a distinguished career in business management and corporate leadership. Garza Garza joined FEMSA in 1985 and has held various positions within the company, showcasing his expertise in operations, human resources, and strategic planning. Over the years, he has played a vital role in the expansion and success of FEMSA's diverse business units, including its Coca-Cola bottling operations and its chain of convenience stores, OXXO. His leadership style is often characterized by a focus on innovation, sustainability, and workforce development, aiming to foster a culture of growth and excellence within the organization. He has been instrumental in promoting FEMSA's corporate social responsibility initiatives, engaging in projects that benefit the environment and communities where FEMSA operates. Alfonso Garza Garza is also known for his active involvement in various industry and business organizations, contributing to broader discussions on economic development and corporate governance in Mexico and Latin America. His work has established him as a respected figure in the business community.

Mr. Jose Antonio Fernandez Garza-Laguera
Chief Executive Officer of Proximity & Health Division

Mr. José Antonio Fernández Carbajal is a prominent Mexican businessman, often referred to by his nickname "El Diablo." He is best known for his leadership role at Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), one of the largest beverage and retail companies in Latin America. Born on April 10, 1954, in Monterrey, Mexico, Fernández Carbajal studied Industrial and Systems Engineering at the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), where he later served as Chairman of the Board of Directors. He also holds a Master of Business Administration (MBA) from the Monterrey Institute of Technology and Advanced Studies. He joined FEMSA in 1987 and has held various significant positions. He served as the CEO from 1995 to 2013, during which time he was instrumental in expanding the company's operations and influence. Under his leadership, FEMSA ventured into the convenience store market with OXXO, which grew into the largest chain of its kind in Latin America. Since 2001, he has been the Executive Chairman of the Board of Directors at FEMSA. He is also recognized for his involvement in major transactions, including the 2010 strategic agreement with The Coca-Cola Company, further solidifying FEMSA's global presence. Known for his strategic vision and leadership skills, Fernández Carbajal has played a pivotal role in FEMSA's growth and diversification, making substantial impacts on the company's corporate strategy and its expansion into the retail and logistics sectors. In addition to his role at FEMSA, Fernandez Carbajal is actively involved in philanthropy and educational initiatives, primarily through the FEMSA Foundation, which focuses on water conservation, education, and sustainable social development projects.

Mr. Carlos Arenas Cadena
Executive Officer

Carlos Arenas Cadena serves as an executive at Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), a leading Mexican multinational company with operations across various sectors, including retail, beverage, and logistics. FEMSA is known for its extensive footprint in Latin America and partnerships with global brands. Carlos Arenas Cadena has played a significant role in FEMSA’s operations, particularly within its retail division, which encompasses OXXO convenience stores, a prominent and expansive chain throughout Latin America. With a strong background in business administration and years of experience in the retail sector, Arenas Cadena has been instrumental in driving growth and efficiency in FEMSA’s retail operations. His leadership has contributed to the expansion and innovation strategies that ensure FEMSA remains competitive in a rapidly evolving market. He is known for his strategic insights and operational expertise, which have supported the company's mission of sustainable growth and customer satisfaction. Through his efforts, FEMSA continues to enhance its retail offerings and market presence.

Mr. Ian Marcel Craig García
Chief Executive Officer of Coca-Cola

Ian Marcel Craig García is a prominent Mexican business executive known for his significant role at Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), a leading Latin American company with operations in the beverage, retail, and logistics sectors. He has been pivotal in the strategic development and operations of the company. Craig has held various leadership roles within FEMSA, helping drive its growth and expansion in multiple markets. His expertise lies in overseeing large-scale operations and implementing innovative strategies to enhance company performance. He is known for his strong leadership skills, in-depth industry knowledge, and a commitment to sustainable business practices. Throughout his career at FEMSA, Ian Marcel Craig García has been instrumental in fostering partnerships and exploring new opportunities in both local and international markets, thus reinforcing FEMSA's position as a key player in its industry. His work continues to influence the company's trajectory and its adaptation to changing market dynamics.

Mr. Juan Carlos Guillermety
Chief Executive Officer of Digital

Juan Carlos Guillermety is a notable executive associated with Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA), a multinational company headquartered in Mexico. FEMSA is a leading company in the beverage industry and the largest independent Coca-Cola bottling group in the world, operating in several Latin American countries and beyond. Guillermety has played a significant role within FEMSA, particularly in areas related to strategic planning, operations, and business development. With a career that spans various leadership positions, he has contributed to the company's expansion and modernization strategies. His expertise in managing complex business operations and implementing innovative solutions has been instrumental in FEMSA's growth trajectory. Additionally, his leadership qualities have helped strengthen FEMSA's position in the highly competitive beverage industry. His contributions have been recognized not only within FEMSA but also in the broader business community, making him a respected figure in corporate governance and strategic management.

Contacts

Address
NUEVO LEON
Monterrey
General Anaya 601, PonienteCol. Bella Vista
Contacts
+528183286000.0
www.femsa.com