Our Board of Directors is at the head of FEMSA’s corporate governance system—guided by what is in the best long-term interests of our company’s shareholders and other stakeholders. Our Board is responsible for determining our corporate strategy; defining and overseeing the implementation of our key values and vision; and reviewing and approving related-party transactions and transactions not in the ordinary course of business.

In addition to our Executive Team, our Board of Directors is supported by its committees: the Audit Committee, the Finance Committee, and the Corporate Practices Committee. Our Board appoints and supervises these committees, which assist and make recommendations to our Board in their respective areas of responsibility.

Series “B” Directors

José Antonio Fernández Carbajal

Chief Executive Officer of Fomento Económico Mexicano, S.A.B. de C.V.
Elected en 1984
Alternate Director: Federico Reyes García ^c

Eva María Garza Lagüera Gonda

Private Investor
Elected en 1999
Alternate Director: Bárbara Garza Lagüera Gonda

Paulina Garza Lagüera Gonda

Private Investor
Elected en 2009
Alternate Director: Othón Páez Garza

José Calderón Rojas

Chief Executive Officer of Franca Servicios, S.A. de C.V., Servicios Administrativos de Monterrey, S.A de C.V., Regio Franca, S.A. de C.V., and Franca Industrias, S.A. de C.V.
Elected en 2005
Alternate Director: Francisco José Calderón Rojas

Consuelo Garza de Garza

Founder and Former President of Asociación Nacional Pro-Superación Personal, A.C.(a Non-profit Organization)
Elected en 1995
Alternate Director: Alfonso Garza Garza ^b

Max Michel Suberville

Private Investor
Elected en 1985
Alternate Director: Max Michel González

Alberto Baillères González

Chairman of the Board of Grupo BAL, S.A. de C.V., Grupo Nacional Provincial, S.A, Fresnillo, PLC, Grupo Palacio de Hierro, S.A.B. de C.V., Grupo Profuturo, S.A.B. de C.V., and Chairman of the Governance Board of Instituto Tecnológico Autónomo de México.
Elected en 1989
Alternate Director: Arturo Fernández Pérez

Francisco Javier Fernández Carbajal ^c

Chief Executive Officer of Servicios Administrativos Contry, S.A. de C.V.
Elected en 2005
Alternate Director: Javier Astaburuaga Sanjines ^c

Ricardo Guajardo Touché ^c, ⁱ

Chairman of SOLFI, S.A. and Director of Grupo Valores Monterrey
Elected en 1988
Alternate Director: Alfonso González Migoya ^a, ⁱ

Alfredo Livas Cantú ^c, ⁱ

Chairman of the Board of Directors of Grupo Industrial Saltillo, S.A.B. de C.V.
Elected en 1995
Alternate Director: Sergio Deschamps Ebergenyi ⁱ

Mariana Garza Lagüera Gonda

Private Investor
Elected en 2001
Alternate Director: Juan Guichard Michel

José Manuel Canal Hernando ^a, ⁱ

Private Consultant
Elected en 2003
Alternate Director: Ricardo Saldívar Escajadillo ^b, ⁱ

Series “D” Directors

Armando Garza Sada ⁱ

Chairman of the Board of Grupo Alfa, S.A.B de C.V.
Elected en 2003
Alternate Director: Enrique F. Senior Hernández ⁱ

Moises Naim ⁱ

Senior Associate of Carnegie Endowment for International Peace
Elected en 2011
Alternate Director: Francisco Zambrano Rodríguez ^a,ⁱ

Helmut Paul ^b, ⁱ

Owner of H. Paul & Company, LLC (a corporate finance advisory firm)
Elected en 1988
Alternate Director: Ernesto Cruz Velázquez de León ^a,ⁱ

Michael Larson ⁱ

Chief Investment Officer of William H. Gates III
Elected en 2011

Robert E. Denham ^b, ^c, ⁱ

Partner at Munger, Tolles & Olson, LLP Law firm
Elected en 2001

Secretary

Carlos Eduardo Aldrete Ancira

Alternate Secretary

Arnulfo Treviño Garza

Committees:

a) Auditing
b) Corporate Practices
c) Finance and Planning

Relation:

i) Independent