Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Femsa CEO Says Monterrey Reacting to Solve Violence Problem

Mexican authorities and civil organizations in the northern city of Monterrey are taking the right steps to combat rising violence, said Jose Antonio Fernandez, chief executive of Fomento Economico Mexicano SAB.

Leaders were caught off guard by the magnitude of the drug-related violence in Monterrey and didn’t move quickly enough to quell it, Fernandez said during a speech in the city last night.

“Now that we’ve realized that the problem is much more serious that what we thought, we’re reacting,” Fernandez said. “Things are beginning to happen to resolve this.”

Almost 30,000 people have been killed since Mexican President Felipe Calderon took office in December 2006 and cracked down on organized crime by sending soldiers to cities where violence has flared.

Criminals have stepped up attacks in the Monterrey area this month with the use of grenades, injuring a dozen people in the downtown plaza of a suburb and leaving four officers hurt at a state police headquarters.

Fernandez called on people to unite to fend off the crime wave. Femsa, as the holding company for Latin America’s largest Coca-Cola bottler and Mexico’s largest convenience-store chain is known, is funding organizations that are helping fight crime, he said, without naming them.

“Everybody participates in society, not just the government. It’s unjust for someone to say, ‘This is President Calderon’s war.’ That’s ridiculous,” he said. “This is everyone’s war to have a more just and clean society.”

Monterrey isn’t as violent as the media portrays, Fernandez said. The city’s crime rate is still better than several cities in Latin America and even the U.S., he said, without naming them. Monterrey was renowned for being safe and that has given a sense that the violence is worse, he said.

“In relative terms, we’re in very bad shape from where we were,” Fernandez said. “Monterrey was a city practically without crime.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.