Coca-Cola FEMSA, S.A.B. de C.V. Announces Board Changes
July 03, 2017 at 04:11 pm EDT
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Coca-Cola FEMSA, S.A.B. de C.V. announced changes to the Board of Directors, effective July 1, 2017. Mr. Charles Brent Hastie has been appointed as a Board member by Series D shareholders, through which The Coca-Cola Company indirectly participates in Coca-Cola FEMSA. Mr. Charles Brent Hastie will be replacing Mr. Irial Finan, who leaves his place after 13 years as a Board member.
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).