Coca-Cola FEMSA announces Chief Financial Officer succession plan

Mexico City, Mexico, November 1, 2018 – Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFL, NYSE: KOF) (“Coca-Cola FEMSA”, “KOF” or “the Company”), the largest Coca-Cola franchise bottler in the world by sales volume, announced today that Hector Treviño Gutierrez, has decided to retire effective December 31st, 2018, after serving as Chief Financial Officer of KOF for more than 25 years and with an overall career in FEMSA of more than 37 years. 

The Board of Directors of the Company has elected Constantino Spas to serve as Chief Financial Officer for Coca-Cola FEMSA, effective January 1st , 2019. 

Constantino joined the Company on January 1st , 2018 as Strategic Planning Officer. He has more than 25 years of experience in the food and beverage sector, with a demonstrated track record in companies such as Grupo Mavesa and Empresas Polar in Venezuela; Kraft Foods, SAB Miller in Latin America, and Bacardi, where he served as VP Managing Director for Mexico and then for Latin America and the Caribbean.

Constantino will work alongside Hector to ensure an orderly and seamless transition of CFO duties

“Hector Treviño, was appointed CFO in 1993, year of KOF’s Initial Public Offering and listing in the Mexican Stock Exchange and in the New York Stock Exchange; and since then, Hector, has deeply contributed to the evolution and value creation of the business, playing a fundamental role in driving profitable growth throughout the years. His work ethic and financial discipline are a legacy that will continue to be a part of our core values for many years to come.” said John Santa Maria Otazua, Chief Executive Officer of the Company, and added: “Constantino is an experienced officer with proven results across different beverage categories; his strategic focus and talent make him an excellent successor to Hector.”

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