Fomento Económico Mexicano, S.A.B. de C.V. (FMX) NYSE

Currency In USD

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Fomento Económico Mexicano, S.A.B. de C.V.

Address

General Anaya Nº 601 Pte.

Monterrey, NL 64410

Mexico

Phone

52 818 328 6000

Sector

Consumer Defensive

Industry

Beverages - Alcoholic

Employees

368776

First IPO Date

May 11, 1998

Key Executives

NameTitlePayYear Born
Constantino Spas MontesinosCEO of Americas and Mobility Division01970
Alfonso Garza GarzaChief Executive Officer of Negocios Estratégicos & Director01962
Ian Marcel Craig GarcíaChief Executive Officer of Coca-Cola01972
Jose Antonio Fernandez Garza-LagueraChief Executive Officer01954
Alejandro Gil OrtizSecretary of the Board of Directors & General Counsel01980
Gerardo Estrada AttoliniChief Administration & Control Officer01957
Jose Antonio Vicente Fernandez CarbajalExecutive Chairman of the Board01954
Juan F. FonsecaVice President of Investor Relations0N/A
Martin Felipe Arias YanizChief Administration & Finance Officer01967
Jessica Ponce de Leon GaitanChief Sustainability Officer01974
Sara Robles RomeroChief Human Resources Officer0N/A
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Description

Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) is a diverse multinational enterprise. Its operations include acting as a key bottler, marketer, and distributor of Coca-Cola trademark beverages across a wide territory encompassing Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay. Furthermore, FEMSA is a significant player in the retail sector, managing 20,431 OXXO convenience stores in Mexico, Colombia, Peru, Chile, and Brazil as of December 31, 2021. The company also operates 567 OXXO GAS service stations in Mexico, which supply fuels, motor oils, lubricants, and car care items. Its pharmaceutical retail division comprises 3,652 drugstores operating under names such as Cruz Verde, Fybeca, SanaSana, YZA, La Moderna, and Farmacon in Chile, Colombia, Ecuador, and Mexico. In addition to these core activities, FEMSA is involved in the manufacturing of chillers, commercial refrigeration equipment, plastic containers, and specialized food processing and weighing machinery. It also offers comprehensive logistic transportation, distribution, and maintenance services, point-of-sale refrigeration solutions, plastic solutions, and runs a distribution platform for cleaning products and various consumables. Established in 1890, the company is headquartered in Monterrey, Mexico.

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