KOF Chooses CEO Successor

Coca-Cola Femsa (KOF) has named John Santa Maria as CEO, as of January 1, 2014, it says. Carlos Salazar, who has been CEO since 2000, is stepping down at the Coca-Cola bottler at the end of the year. Santa Maria is COO at KOF’s South America division, and has been with the company 18 years. Salazar is moving over to Femsa – the beverage and convenience store company that owns 50% of KOF – to become CEO. Current Femsa CEO Jose Antonio Fernandez is to leave the position and become executive chairman of Femsa’s board.