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FEMSA names Eduardo Padilla Silva as next CEO

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FEMSA has appointed a new CEO, following the present incumbent's decision to retire.

The Latin American multi-category drinks group, which owns Coca-Cola FEMSA, said yesterday that Carlos Salazar Lomelín will step down on 1 January. He will be replaced by current CFO Eduardo Padilla Silva.

Lomelín, who has been with FEMSA for around 45 years, will remain on the board of directors and will also continue as an advisor to the chairman of the board.

Silva, who will assume the position on 1 January, has held several senior positions at the firm, including CEO of FEMSA Comercio. He has been chief financial & corporate officer at FEMSA for the last 20 months. Silva's replacement will be named "in due course", FEMSA said.

"In his new role, Eduardo and his team will deploy their talent and energy across all of our operations as they lead FEMSA through the next stages of growth," the firm said.

As well as Coca-Cola FEMSA, the Mexico-based group also holds a 20% stake in Heineken, after the Dutch brewer bought FEMSA's beer unit in 2010

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