By Anthony Harrup
MEXICO CITY--Mexican retail and beverages company Fomento Economico Mexicano, or Femsa, said its board of directors named Jose Antonio Fernandez Garza-Laguera as the company's new chief executive, who is due to take up the post on Nov. 1.
Fernandez Garza-Laguera, a son of Femsa Chairman Jose Antonio Fernandez Carbajal, has held senior positions in numerous Femsa units, most recently as chief executive of its retail division, which includes the Oxxo convenience store chain, drug stores and service stations.
In the past several years, Femsa has sold assets including its stake in Heineken and logistics operations to focus on its core beverages, retail and digital businesses.
The succession process was led by the board of directors' corporate practices and nominations committee and overseen by a special committee that included three additional independent directors, Femsa said.
Fernandez Carbajal, who has been Femsa's interim CEO since July of 2023, will continue as executive chairman.
Write to Anthony Harrup at anthony.harrup@wsj.com
(END) Dow Jones Newswires
09-18-25 0855ET
