Coca-Cola FEMSA, S.A.B. de C.V. Announces Changes to the Board of Directors
September 29, 2022 at 06:07 am EDT
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Coca-Cola FEMSA, S.A.B. de C.V. announced changes to the Board of Directors, effective September 28, 2022. Mr. José Henrique Cutrale has been appointed as a Board member by its Series A shareholders, through which FEMSA indirectly participates in Coca-Cola FEMSA. Mr. José Henrique Cutrale will be replacing Mr. José Luis Cutrale, after his unfortunate passing last August.
Mrs. Graziela Cutrale has been appointed as Alternate Director by its Series A shareholders, replacing Mr. José Henrique Cutrale.
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).