Coca-Cola FEMSA, S.A.B. de C.V. Announces Executive Changes
October 24, 2013 at 06:56 pm EDT
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Coca-Cola FEMSA, S.A.B. de C.V. announced that its Board of Directors has appointed John Santa María Otazua as Chief Executive Officer (CEO), effective January 1, 2014. Mr. Santa María is currently Chief Operating Officer of the company's South America Division and succeeds Mr. Carlos Salazar Lomelín, who has served as the company's CEO since 2000.
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. 
