Board of Directors

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:

Series B

  • Chairman of the Board
    Elected: 2001

    Alternate: Federico Reyes García

    • Private Investor
      Elected: 1999

      Alternate: Mariana Garza Lagüera Gonda

    • Private Investor
      Elected: 2009

      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.
      Elected: 2005

      Alternate: Francisco José Calderón Rojas

    • Founder and Former President of Asociación Nacional Pro-Superación Personal, A.C. (ANSPAC; a non-profit organization)
      Elected: 1995

      Alternate: Alfonso Garza Garza

    • Private Investor
      Elected: 1985

      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).
      Elected: 1989

      Alternate: Arturo Fernández Pérez

    • Chief Executive Officer of Servicios Administrativos Contry, S.A. de C.V.
      Elected: 2005

      Alternate: Javier Astaburuaga Sanjines

    • Chairman of the Board of Directors of SOLFI, S.A.
      Elected: 1988

      Alternate: Alfonso González Migoya*

    • Chairman of the board of directors of Grupo Industrial Saltillo, S.A.B. de C.V. (Grupo Saltillo)
      Elected: 1995

      Alternate: Sergio Deschamps Ebergenyi*

    • Private Investor
      Elected: 1998

      Alternate: Juan Guichard Michel

    •  
      CEO Fomento Económico Mexicano, S.A.B. de C.V.
      Elected: 2014

      Alternate: Eduardo Padilla Silva

Series D

Chairman of the Board of Directors of Alfa
Elected: 2003

Alternate: Enrique F. Senior Hernández*

Senior Associate of Carnegie Endowment for International Peace
Elected: 2011

Alternate: Francisco Zambrano Rodríguez*

Private Consultant
Elected: 2003

Alternate:Ricardo Saldivar Escajadillo

Chief Investment Officer of William H. Gates III
Elected: 2011
Partner of Munger, Tolles & Olson LLP
law firm
Elected: 2001

Alternate: Ernesto Cruz Velazquez de León*

Secretary:
Carlos Eduardo Aldrete Ancira

Alternate Secretary:
Arnulfo Eduardo Treviño Garza

Note: * Indicates Independent member

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