At FEMSA, we follow the highest standards of corporate governance as well as rigorous, accurate and reliable ethical corporate practices when it comes to information disclosure, financial transparency and accountability. Our corporate practices are always in compliance with the legislation of the countries where we operate, and we also comply with the rules and regulations that apply in Mexico and the United States, including the Securities Market Law and the Sarbanes-Oxley Act. We also take into account the recommendations of the Code of Best Corporate Practices of the Business Coordinating Council.
Board of Directors
FEMSA’s Board of Directors is responsible for determining the corporate strategy, defining and supervising the implementation of the company’s vision and values, and approving related operations, including those that do not correspond to the ordinary course of the company’s business. Our Board is made up of 20 members, who are supported by a Secretary and his deputy, none of whom are members of the Board. According to our bylaws and the Securities Market Law, at least 25% of the members of our Board of Directors are independent.
The executive team is responsible for the growth of the business by creating economic and social value for the stakeholders; they have extensive professional experience in the industries related to our business.
José Antonio Fernández Carbajal
Executive Chairman of the Board of Directors of FEMSA
Mr. Fernández joined FEMSA in 1987. He was appointed CEO in 1995 and Chairman in 2001, serving in both positions until January 2014. He is Vice Chairman of the Heineken N.V. Supervisory Board and member of the Heineken Holding N.V. Board, and also serves as Chairman of Coca-Cola FEMSA, FEMSA Foundation, Instituto Tecnológico de Estudios Superiores de Monterrey (“ITESM”), and Chairman Emeritus of the US-Mexico Foundation. He is a member of the Board of Industrias Peñoles, co-chairs the Mexico chapter of the Woodrow Wilson Center and member of the board of trustees of the Massachusetts Institute of Technology Corporation. His degrees in Industrial Engineering and Systems and MBA were both earned from ITESM.
Eduardo Padilla Silva
FEMSA’s Chief Executive Officer (CEO)
He joined FEMSA in 1997 and, in January 2018, was appointed to the position he currently holds. He previously served as FEMSA’s Corporate and Finance Director; FEMSA Comercio’s Chief Executive Officer (CEO); Chief Executive Office of FEMSA Strategic Businesses; and FEMSA’s Planning and Control Director. He has a Bachelor’s Degree in Mechanical Engineering from ITESM, has a Master in Business Administration from Cornell University, and executive studies from IPADE.
Javier Gerardo Astaburuaga Sanjines
FEMSA’s Corporate Development Director
He joined FEMSA in 1982. Among other positions within the company, he has held the position of Co-Chief Executive Officer of FEMSA Cerveza; Sales Director for Northern Mexico; Chief Financial Officer (CFO) of FEMSA Cerveza; and Corporate and Finance Director of FEMSA. He has held his current position since April 2015. He has a Bachelor’s degree in Public Accounting from ITESM.
Alfonso Garza Garza
Director of FEMSA’s Strategic Businesses of FEMSA
He joined FEMSA in 1985, where he has held various positions, including the one of Chief Executive Officer (CEO) of FEMSA Empaques. He also serves as Vice President of the Executive Commission of the Employers’ Confederation of the Mexican Republic (Coparmex). He is a member of the Board of FEMSA, ITESM, Grupo Nutec, S.A. de C.V. and American School Foundation of Monterrey, A.C; he is also a substitute of Coca-Cola FEMSA’s Board. He has a Bachelor’s Degree in Industrial Engineering from ITESM, and he completed postgraduate coursework at IPADE.
Roberto Campa Cifrián
FEMSA’s Corporate Affairs Director
He joined FEMSA in 2019, after a long professional career in the public, private and social sectors. His positions include those of Secretary of Labor and Social Welfare of the Federal Government; Undersecretary of the Interior; Federal Consumer Attorney; representative in the Legislative Assembly of the Federal District and Federal Deputy. He has a Law Degree from Universidad Anáhuac.
José González Ornelas
FEMSA’s Director of Administration and Corporate Control
He joined FEMSA in 1973 and has held his current position since 2001. Previously, he was Chief Financial Officer (CFO) of FEMSA Cerveza; Director of Planning and Corporate Development of FEMSA; and Chief Executive Officer (CEO) of FEMSA Logística. He serves as secretary of the Audit Committee of both FEMSA and Coca-Cola FEMSA, and he is member of the Board of Productora de Papel, S.A. He is a Public Accountant from the Autonomous University of Nuevo León and has completed postgraduate studies in Business Administration at IPADE.
John Anthony Santa Maria Otazua
Coca Cola FEMSA’s Chief Executive Officer (CEO)
He has held his current position since 2014. He joined Coca-Cola FEMSA in 1995 and, since then, has held various management positions, including Director of Operations of Mexico’s Division and Director of Commercial Development and Strategic Planning. He has a Bachelor’s Degree in Administration and a Master’s Degree in Finance from Southern Methodist University.
Daniel Alberto Rodríguez Cofré
FEMSA Comercio’s Chief Executive Officer (CEO)
He joined FEMSA in 2015 as Corporate and Finance Director and, since January 2016, has held his current position. Prior to joining the company he was Chief Financial Officer (CFO) and then Chief Executive Officer (CEO) of CENCOSUD (Centros Comerciales Sudamericanos S.A.), among other positions he has held in Latin America, Europe and Africa. He is a substitute member of Coca-Cola FEMSA and FEMSA’s Board of Directors. He has a Forest Engineering degree from Austral University of Chile and a Master in Business Administration Degree from Adolfo Ibañez University.
Code of Ethics
Our Code of Ethics is the basis of FEMSA’s responsible business conduct, which is distinguished by respect, honesty and integrity. The code regulates the behavior of executives and employees in relation to situations that could present risks of ethical conflicts, such as interactions with investors, customers, suppliers, government authorities, civil society organizations and the local community. It also indicates the mechanisms to follow in the case of reporting any violation, conduct or practice that does not comply with the company’s high expectations regarding personal ethical behavior. The code, approved by the Board of Directors, applies to members of the Board, executives and employees in all the countries where we operate. Also, we recommend our goods and services suppliers around the world to stick to the Guiding Principles for Suppliers, which communicate what we expect from them in terms of labor rights, environment, community, ethics and values; in other words, how they manage their areas of sustainability.