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Coca‑Cola México Names Louis Balat President, Succeeding Luis Felipe Avellar

The Mexico‑born veteran takes over a market central to Coca‑Cola’s growth with an expected IEPS increase on sweetened beverages.

Overview

  • Balat’s appointment was announced on November 1, 2025, and he has begun assuming the role.
  • He will oversee collaboration with the eight bottling partners that comprise the Industria Mexicana de Coca‑Cola, linked to roughly 2% of Mexico’s GDP and 1.7 million jobs.
  • With 28 years in the Coca‑Cola system, his experience spans Mexico, the Andean region, Southeast Asia and a global sustainability vice‑presidency.
  • His stated priorities include driving transformation, strengthening sustainability and advancing inclusive growth, describing the move as a return home.
  • Before this role, he led Coca‑Cola’s Latin America Zone Center from Costa Rica starting in 2023, supervising operations across 32 countries.