The Board of Directors of FEMSA consists of 19 members (17 Directors, 1 Secretary and 1 Alternate Secretary) and in accordance with our bylaws and the Mexican Securities Law, at least 25% of the members of our board of directors must be independent. Directors are elected by the shareholders of the company at the Annual General Shareholders Meeting. Each Director is assigned a specific Alternate Director who is authorized to serve on the Board of Directors in the event that the Director is unable to attend meetings or otherwise participate in the activities of the Board of Directors.
Directors and their specific Alternate Directors are appointed for a term of 1 year and are eligible for re-election after the completion of their term in office. The By-Laws of the Company provide that the holders of the FEMSA B Shares may elect at least eleven Directors and the holders of the FEMSA D Shares may elect five Directors.
Since 2001, Jose Antonio Fernandez, the CEO of FEMSA, has presided as Chairman of the Board of Directors.
Current members of the Board of Directors:
Chairman of the Board
Alternate: Federico Reyes García
Alternate: Mariana Garza Lagüera Gonda
Alternate: Othón Páez Garza
Chief Executive Officer of Franca Servicios, S.A. de C.V., Servicios Administrativos de Monterrey, S.A. de C.V., Regio Franca, S.A. de C.V., and Franca Industrias, S.A.
Alternate: Francisco José Calderón Rojas
Founder and Former President of Asociación Nacional Pro-Superación Personal, A.C. (ANSPAC; a non-profit organization)
Alternate: Alfonso Garza Garza
Alternate: Maximino José Michel González
Chairman of the boards of directors of Grupo BAL, S.A. de C.V. Peñoles, GNP, Fresnillo plc, Grupo Palacio de Hierro, S.A.B. de C.V., Profuturo and Chairman of the Governance Board of Instituto Tecnológico Autónomo de México (ITAM).
Alternate: Arturo Fernández Pérez
Chief Executive Officer of Servicios Administrativos Contry, S.A. de C.V.
Alternate: Javier Astaburuaga Sanjines
Chairman of the Board of Directors of SOLFI, S.A.
Alternate: Alfonso González Migoya*
Chairman of the board of directors of Grupo Industrial Saltillo, S.A.B. de C.V. (Grupo Saltillo)
Alternate: Sergio Deschamps Ebergenyi*
Alternate: Juan Guichard Michel
CEO Fomento Económico Mexicano, S.A.B. de C.V.
Alternate: Eduardo Padilla Silva
Alternate: Enrique F. Senior Hernández*
Alternate: Francisco Zambrano Rodríguez*
Alternate:Ricardo Saldivar Escajadillo
Alternate: Ernesto Cruz Velazquez de León*
Carlos Eduardo Aldrete Ancira
Arnulfo Eduardo Treviño Garza
Note: * Indicates Independent member