Mr. Jose Manuel Canal Hernando serves as Independent Member of the Board of Directors of Fomento Economico Mexicano SAB de CV since 1988. He also acts as Member of the Audit committee of the Company since 2003. He is Independent Consultant and Member of the Board of Directors of Coca-Cola FEMSA, Banco Compartamos SA, Kuo, Grupo Industrial Saltillo SAB de CV, Grupo Acir SA de CV, Satelites Mexicanos SA de CV and Grupo Diagnostico Proa SA de CV. He holds a Bachelors degree in Public Accounting from Universidad Nacional Autonoma de Mexico.