Jose Ornelas - Fomento Economico President
| FMX Stock | USD 87.14 0.50 0.58% |
President
Mr. Jose Gonzalez Ornelas serves Vice President of Administration and Corporationrationrate Contro of Fomento Economico Mexicano SAB de CV. He has also served as NonMember Technical Secretary of the Company Audit Committee. He assumed his current position in 2002. He first joined FEMSA in 1973, where he held different positions in the organization, such as Finance Information VicePresident. He is Member of the Board of Directors of Productora de Papel SA. In 1987, he was Chief Financial Officer of FEMSA Cerveza and in 1994, he was named Vice President of Planning and Corporationrationrate Development of FEMSA, and CEO of FEMSA Logistica. He is a Board Member of several international companies. He participates as Auditing Committee Secretary of FEMSAs and CocaCola FEMSAs boards and sits on the controller board at Tecnologico de Monterrey. He is also part of the Instituto de Contadores Publicos de Nuevo Leon Directive Committee and he is President of the Club de Futbol Monterrey board. He holds a Bachelors degree in Accounting from Universidad Autonoma de Nuevo Leon and undertook postgraduate studies in Business Administration from different universities in Mexico and abroad. since 2015.
| Age | 68 |
| Tenure | 9 years |
| Address | General Anaya Nº 601 Pte., Monterrey, NL, Mexico, 64410 |
| Phone | 52 818 328 6000 |
| Web | https://www.femsa.com |
Fomento Economico Management Efficiency
The company has Return on Asset of 0.0376 % which means that on every $100 spent on assets, it made $0.0376 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1149 %, implying that it generated $0.1149 on every 100 dollars invested. Fomento Economico's management efficiency ratios could be used to measure how well Fomento Economico manages its routine affairs as well as how well it operates its assets and liabilities. Return On Capital Employed is likely to rise to 0.13 in 2024, whereas Return On Tangible Assets are likely to drop 0.07 in 2024. At this time, Fomento Economico's Total Assets are fairly stable compared to the past year. Non Currrent Assets Other is likely to rise to about 205.8 B in 2024, whereas Non Current Assets Total are likely to drop slightly above 246.6 B in 2024.Similar Executives
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Management Performance
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0376 |
Fomento Economico Leadership Team
Elected by the shareholders, the Fomento Economico's board of directors comprises two types of representatives: Fomento Economico inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fomento. The board's role is to monitor Fomento Economico's management team and ensure that shareholders' interests are well served. Fomento Economico's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fomento Economico's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jose Rojas, Director | ||
| Daniel Cofre, Chief Executive Officer of FEMSA Comercio | ||
| Jose Ornelas, Vice President of Administration and Corporate Control | ||
| Daniel Cofr, Chief Officer | ||
| Francisco Beltran, Chief Corporate Officer | ||
| Michael Larson, Independent Director | ||
| Alfonso Migoya, Independent Director | ||
| Raymundo Vela, Senior Vice President of Human Resources | ||
| Barbara Gonda, Director | ||
| Roberto Cifrian, Senior Vice President - Corporate Affairs | ||
| Carlos Cadena, Executive Officer | ||
| Carlos Ancira, General Counsel and Secretary of the Board of Directors | ||
| Ian Garca, Chief CocaCola | ||
| Robert Denham, Independent Director | ||
| Mariana Gonda, Director | ||
| Francisco Carbajal, Director | ||
| Eugenio Garza, Director Officer | ||
| Juan Guillermety, Chief Digital | ||
| Alberto Gonzalez, Director | ||
| Alfonso Noriega, Independent Director | ||
| Bertha Gonzalez, Director | ||
| Jose GarzaLaguera, Chief Division | ||
| Javier Sanjines, Director, Vice President Corporate Development | ||
| Francisco Beltrn, Chief Officer | ||
| Juan Fonseca, Invertors Relations Contact | ||
| Gerardo Attolini, Senior Vice President - Administration and Corporate Control | ||
| Victor Celorio, Independent Director | ||
| Jessica Gaitan, Chief Officer | ||
| Alfonso Garza, Chief Executive Officer of Strategic Businesses of FEMSA, Director | ||
| Constantino Montesinos, Chief Business | ||
| John Otazua, Chief Executive Officer of Coca Cola FEMSA SA | ||
| Miguel Silva, Chief Financial and Strategic Development Officer | ||
| Martin Yaniz, Interim Officer | ||
| Ricardo Touche, Independent Director | ||
| Alejandro Ortiz, Secretary Directors | ||
| Paulina Marroquin, Director | ||
| Jose Carbajal, Executive Chairman of the Board of Directors | ||
| Ricardo Escajadillo, Independent Director |
Fomento Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Fomento Economico a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0376 | ||||
| Profit Margin | 0.03 % | ||||
| Operating Margin | 0.09 % | ||||
| Current Valuation | 34.79 B | ||||
| Shares Outstanding | 357.82 M | ||||
| Shares Owned By Institutions | 32.92 % | ||||
| Number Of Shares Shorted | 2.26 M | ||||
| Price To Earning | 22.52 X | ||||
| Price To Book | 2.10 X |
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