On April 30, 2010, FEMSA announced the closing of the transaction pursuant to which FEMSA agreed to exchange 100% of its beer operations for a 20% economic interest in the Heineken Group, through this transaction we will increase our scale and geographic reach competing effectively.
FEMSA has two representatives on the Heineken Supervisory Board who are José Antonio Fernández Carbajal, FEMSA's Chief Executive Officer, and Javier Astaburuaga Sanjines, FEMSA's Chief Financial Officer. José Antonio Fernández Carbajal is also a member of the Heineken Holding Board. Additionally Heineken created the Americas Committee to oversee the strategic direction of the business in the American continent and assess new business opportunities in that region. The Americas Committee consists of one FEMSA representative (José Antonio Fernández Carbajal), who acts as the Chairman and two existing members of the Heineken Supervisory Board.