By French Edition 
Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) is a prominent Mexican multinational company, headquartered in Monterrey, Mexico, and recognized as the largest independent Coca-Cola bottling group globally. The company operates a diverse portfolio, prominently featuring OXXO, the largest convenience store chain in Mexico. FEMSA is committed to generating economic and social value through its various business segments, which include retail, beverage production, and logistics, while also emphasizing sustainable practices and community engagement.
Recent developments indicate a robust performance for FEMSA, particularly in its OXXO operations, which have experienced significant revenue growth. The company reported a 6.1% increase in revenues during the first quarter of 2026, highlighting its strong market position and operational efficiency. Additionally, FEMSA's strategic investments and expansions in Coca-Cola FEMSA have reinforced its leadership in the Latin American beverage market. The company's initiatives, such as the introduction of digital payment solutions through NetPay at gas stations, align with broader trends towards modernization and convenience in consumer services, further enhancing its competitive edge.
FEMSA's commitment to sustainability and community well-being, alongside its strong financial performance, positions it favorably for future growth and investor interest. Sources: encyclopedia overview, company website, news coverage.
Leadership & Board
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José Antonio Fernández Carbajal
— Executive Chairman of the Board
Joined FEMSA in 1987, became CEO in 1995, and was named chairman of the board in 2001; he stepped down as CEO in 2014 while retaining the chairmanship and served again as interim CEO from mid-2023. He holds an industrial engineering degree and an MBA from Tecnológico de Monterrey (EGADE) and also chairs Coca-Cola FEMSA's board.
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José Antonio Fernández Garza-Lagüera
— Chief Executive Officer (since November 2025)
Became CEO of FEMSA effective November 1, 2025, after more than a decade in roles including OXXO strategic planning, head of Coca-Cola FEMSA Central America, and leadership of FEMSA Proximidad & Salud. He holds an industrial engineering degree from Tecnológico de Monterrey and an MBA from Stanford.
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Michael Larson
— Independent Director (CIO, Cascade Investment / Bill Gates)
Chief investment officer of Cascade Investment, managing the personal fortune of Bill Gates and assets of the Gates Foundation since 1994. He serves as an independent director on FEMSA's board and on several others including Republic Services, Ecolab and AutoNation.
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Alejandro Bailléres Gual
— Director (CEO, Grupo BAL)
Chairman of Grupo BAL, the Mexican conglomerate he took the helm of in 2022 following the death of his father, Alberto Baillères. He chairs Grupo Palacio de Hierro, Grupo Profuturo and Fresnillo plc, and joined FEMSA's board in 2022. He holds a degree from Stanford.
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Bárbara Garza Lagüera Gonda
— Independent Director (controlling family)
A member of the Garza Lagüera family, FEMSA's controlling shareholders through a voting trust, she serves on FEMSA's board. She is a private investor and president of the acquisitions committee of Colección FEMSA, the company's art collection.
FEMSA has recently secured an investment from QED Investors for its lending venture, which aims to serve underserved markets in Mexico. This partnership highlights FEMSA's commitment to expanding its financial services and addressing the needs of a growing customer base. Investors may find this development indicative of FEMSA's strategic focus on fintech and its potential for growth in the lending sector.