Board of Directors
Directors appointed by
Series A Shareholders
José Antonio Fernández
Chairman of the Board of Femsa
29 Years as a Board Member
Eduardo Padilla Silva
Chief Executive Officer of Femsa
6 Years as a Board Member
Federico Reyes García
Independent Consultant
Alternate: Javier Gerardo Astaburuaga Sanjines
29 Years as a Board Member
John Santa Maria
Chief Executive Officer Coca-Cola Femsa
8 Years as a Board Member
Ricardo Guajardo Touché*
Independent Consultant
29 Years as a Board Member
Enrique F. Senior Hernández*
Managing Director of Allen & Company
18 Years as a Board Member
Luis Rubio Friedberg*
Chairman of México Evalúa
Alternate: Jaime A. El Koury
(Independent Director)
7 Years as a Board Member
Daniel Servitje Montull*
Chief Executive Officer of Bimbo
24 Years as a Board Member
José Luis Cutrale
Chairman of the Board of Sucocítrico Cutrale
Alternate: José Henrique Cutrale
18 Years as a Board Member
Luis Nicolau Gutiérrez*
Partner at Ritch, Mueller, Heather and Nicolau
4 Years as a Board Member
Directors appointed
by Series D Shareholders
José Reyes Lagunes
Retired
Alternate: Theresa Robin Rodgers Moore
6 Years as a Board Member
Charles H. Mctier*
Retired
24 Years as a Board Member
John Murphy
Chief Financial Officer of The Coca-Cola Company
Alternate: Stacy Lynn Apter
3 Years as a Board Member
James Leonard Dinkins
Chief Executive Officer of The Honey Baked Ham Company, Llc
Alternate: Marie D. Quintero-Johnson
2 Years as a Board Member
Directors appointed
by Series L Shareholders
Alfonso González Migoya*
Managing Partner of Acumen Empresarial, S.A. de C.V.
16 Years as a Board Member
Víctor Tiburcio Celorio*
Independent Consultant
4 Years as a Board Member
Francisco Zambrano Rodríguez*
Independent Consultant
19 Years as a Board Member
Secretary of Board
Carlos Aldrete Ancira
Secretary of the Board
Alternate: Carlos Luis Díaz Sáenz
28 Years as a Secretary
Executive Officers
John Santa Maria Otazua
Chief Executive Officer
Constantino Spas Montesinos
Chief Financial Officer
Karina Awad Pérez
Human Resources Officer
Bruno Juanes Gárate
Commercial Development Officer
María Del Carmen Alanis Figueroa
Corporate Affairs Officer
Rafael Ramos Casas
Supply Chain and Engineering Officer
Ignacio Echevarría Mendiguren
Digital and Technology Officer
Fabricio Ponce García
Chief Operating Officer—Mexico
Ian M. Craig García
Chief Operating Officer—Brazil
Eduardo G. Hernández García
Chief Operating Officer—Latin America
* Independent Director.
To review the most updated Board of Directors please visit Coca-Cola FEMSA’s Web page.
Board Practices
Planning and Finance Committee
The Planning and Finance Committee works with management to set our annual and long-term strategic and financial plans and monitors adherence to these plans. It is responsible for setting our optimal capital structure and recommends the appropriate level of borrowing as well as the issuance of securities. Financial risk management is another responsibility of the Planning and Finance Committee. Ricardo Guajardo Touché is the chairman of the Planning and Finance Committee. The other members include: Federico Reyes García, John Murphy, Enrique F. Senior Hernández and Miguel Eduardo Padilla Silva. The secretary non-member of the Planning and Finance Committee is Constantino Spas Montesinos, our Chief Financial Officer.
Audit Committee
The Audit Committee is responsible for reviewing the accuracy and integrity of quarterly and annual financial statements in accordance with accounting, internal control and auditing requirements. The Audit Committee is directly responsible for the appointment, compensation, retention and oversight of the independent auditor, who reports directly to the Audit Committee (such appointment and compensation being subject to the approval of our board of directors); the internal auditing function also reports to the Audit Committee. The Audit Committee has implemented procedures for receiving, retaining and addressing complaints regarding accounting, internal control and auditing matters, including the submission of confidential, anonymous complaints from employees regarding questionable accounting or auditing matters. To carry out its duties, the Audit Committee may hire independent counsel and other advisors. As necessary, we compensate the independent auditor and any outside advisor hired by the Audit Committee and provide funding for ordinary administrative expenses incurred by the Audit Committee in the course of its duties. Victor Alberto Tiburcio Celorio is the chairman of the Audit Committee and the “audit committee financial expert.” Pursuant to the Mexican Securities Market Law, the chairman of the Audit Committee is elected at our shareholders meeting. The other members are: Alfonso González Migoya, Charles H. McTier and Francisco Zambrano Rodríguez. Each member of the Audit Committee is an independent director, as required by the Mexican Securities Market Law and applicable New York Stock Exchange listing standards. The secretary non-member of the Audit Committee is José González Ornelas, vice-president of FEMSA’s internal corporate control department.
Corporate Practices Committee
The Corporate Practices Committee, which consists exclusively of independent directors, is responsible for preventing or reducing the risk of performing operations that could damage the value of our company or that benefit a particular group of shareholders. The committee may call a shareholders meeting and include matters on the agenda for that meeting that it deems appropriate, approve policies on related party transactions, approve the compensation plan of the chief executive officer and relevant officers, and support our board of directors in the elaboration of related reports. The chairman of the Corporate Practices Committee is Daniel Javier Servitje Montull. Pursuant to the Mexican Securities Market Law, the chairman of the Corporate Practices Committee is elected at our shareholders meeting. The other members include: Jaime A. El Koury, Luis Rubio Freidberg, Luis A. Nicolau Gutiérrez, and two permanent non-member guests, Miguel Eduardo Padilla Silva and José Octavio Reyes Lagunes. The secretary non-member of the Corporate Practices Committee is Karina Paola Awad Pérez, our Human Resources Office