Fomento Economico Mexicano (FMX) has released an update.
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Fomento Económico Mexicano, better known as FEMSA, marks a significant leadership change as Carlos Arenas Cadena retires after a four-decade tenure, making way for Carlos Arroyo Rico as the new CEO of OXXO Mexico. Arroyo, a seasoned executive with over 25 years in retail including top roles at Walmart and The Coca-Cola Company, will join forces with Cadena for a transition period until March 2025 to sustain the strategic course of the company. FEMSA reinforces its commitment to creating economic and social value in the communities it serves with this strategic leadership appointment.
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