Mexico's Femsa Names New Chief Executive
By Anthony Harrup
MEXICO CITY--Mexican retail and beverages company Fomento Economico Mexicano, or Femsa, said its board of directors named Jose Antonio Fernandez Garza-Laguera as the company's new chief executive, who is due to take up the post on Nov. 1.
Fernandez Garza-Laguera, a son of Femsa Chairman Jose Antonio Fernandez Carbajal, has held senior positions in numerous Femsa units, most recently as chief executive of its retail division, which includes the Oxxo convenience store chain, drug stores and service stations.
In the past several years, Femsa has sold assets including its stake in Heineken and logistics operations to focus on its core beverages, retail and digital businesses.
The succession process was led by the board of directors' corporate practices and nominations committee and overseen by a special committee that included three additional independent directors, Femsa said.
Fernandez Carbajal, who has been Femsa's interim CEO since July of 2023, will continue as executive chairman.
Write to Anthony Harrup at anthony.harrup@wsj.com
(END) Dow Jones Newswires
September 18, 2025 08:55 ET (12:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Dividend Stocks
12 Best Blue-Chip Stocks to Buy for the Long Term
United States