Coca-Cola FEMSA, S.A.B. de C.V. Announces Board Changes
April 16, 2020 at 05:17 pm EDT
Share
Coca-Cola FEMSA, S.A.B. de C.V. announced that Mr. Jose Luis Cutrale, Jr. who served as Alternate Director to Mr. Jose Luis Cutrale has resigned from his position. In his place, Mr. Jose Henrique Cutrale has been appointed as Alternate Director to Mr. Jose Luis Cutrale by Series A shareholders, through which FEMSA indirectly participates in Coca-Cola FEMSA. These changes are effective April 16, 2020.
Coca-Cola FEMSA, S.A.B. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities. The Company's segments include Mexico and Central America division, which comprises Mexico (including corporate operations), Guatemala, Nicaragua, Costa Rica and Panama; the South America division, which consists of Brazil, Argentina and Colombia; Venezuela, which operates in an economy with exchange control and hyper-inflation, and the Asian division, which consists of the Company's equity method investment in Coca-Cola FEMSA Philippines, Inc. The Coca-Cola trademark beverages include sparkling beverages (colas and flavored sparkling beverages), waters and still beverages (including juice drinks, coffee, teas, milk, dairy and isotonic drinks).
COCA-COLA FEMSA, S.A.B. DE C.V. 
