Leadership transition at FEMSA
The CEO steps down, uncertainty looms, and a familiar face returns.
In the midst of numerous of changes, one of Mexico's largest companies, FEMSA, finds itself at a critical juncture. With its CEO, Daniel Rodríguez, stepping down due to health reasons, the industry giant faces a pivotal leadership transition. As José Antonio Fernández Carbajal assumes the role of interim CEO, questions arise about the company's future direction, its thriving businesses, and the potential return of a familiar face.
FEMSA
The second-largest company in Mexico.
Has businesses in Coca-Cola FEMSA and OXXO.
Reported revenues of $180 billion pesos in the first quarter of this year.
Control of FEMSA rests with a trust used by five major family groups.
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The plan going forward
Uncertainty regarding whether there will be an interim CEO for a short period or if Fernández Carbajal will return to lead the company.
FEMSA is undergoing a redefinition of its identity, focusing on retail and digital businesses.
Key individuals
José Antonio Fernández Garza Lagüera, son of Fernández Carbajal, is the CEO of FEMSA Digital.
The nominations committee is lead by Ricardo Saldívar, and extensive work is expected.
Upcoming events
FEMSA will soon release its second-quarter results.
A conference call with analysts will be held to discuss the results.
Board decision
It was the board's decision that the last former CEO from the family, Fernández Carbajal, should return as interim CEO.
Remaining questions
Many topics and questions remain unresolved in relation to FEMSA's leadership transition.
