FEMSA announces VP of Nubank to direct its electronic organization

Fomento Económico Mexicano, better recognised as FEMSA, a Mexican conglomerate committed to commerce and bottling, announced by means of a statement the appointment of Juan Carlos Guillermety as the new head of its electronic division. This region is 1 of the company’s 3 most important strategic focuses, which is presently undergoing a complete assessment of its functions.

Juan Carlos Guillermety will choose above from José Antonio Fernández Garza-Lagüera, who will think the management of the retail division of FEMSA, a different strategic pillar that contains ease stores Oxxo, the fuel station company, and pharmacies current in The us and Europe.

These appointments have been authorized by the Board of Directors, presided around by José Antonio Fernández Carbajal, and will get result on November 1.

Guillermety will come from Nubank (NU), exactly where he has collaborated for more than 4 several years and in April was appointed NU+’s Vice President, in accordance to his profile on LinkedIn. In advance of his time at the Brazilian financial institution, Guillermety labored at Visa as Director of Product or service and Innovation for Mexico.

This modify will come at a time of growth for FEMSA’s digital business enterprise, which consists of the electronic economical merchandise Spin, and through a interval of growth for Nubank in Mexico, becoming the fifth credit rating card issuer in the region by the close of 2022.

The electronic focus is a crucial pillar of FEMSA’s company after a strategic analysis. Sources allotted to this area aim to increase the consumer foundation and build a product or service that can deliver revenue.

The corporation seeks to set up an ecosystem integrating the fintech Spin, a benefits plan, and a company-to-organization (B2B) division. Their options consist of offering remittance providers and presenting credits to firms served as a result of Coca-Cola FEMSA, its bottling and beverage distribution division.

In April, FEMSA accomplished the acquisition of the payment aggregator Netpay, a enterprise that presents payment services and remedies for micro, modest, and medium-sized enterprises (SMEs).

The business confirmed that there will be no modifications in the management of its bottling division, Coca-Cola FEMSA, which will go on less than the route of Ian Craig.

There was no mention of the appointment of a new CEO after Fernández Carbajal assumed this situation on an interim basis in July, following the departure for overall health good reasons of Chilean Daniel Alberto Rodríguez Cofré.