Embotelladora Andina

Andina is run by an experienced team with long Coca‑Cola system tenure.

Miguel Ángel Peirano has served as Executive Vice President (CEO equivalent) since 2011, and CFO Andrés Wainer has been with Andina since 1996 and CFO since 2011. The controlling families (Said, Garcés, Chadwick lineages) provide stability; governance distinguishes voting control (Series A elects 12 of 14 directors) from economic claims (Series B receives 10% higher dividends).

Incentives reference consolidated EBITDA and execution KPIs. On execution, Q2 2026 showed broad‑based EBITDA growth in local currency and progress in digital tools such as the Mi ecosystem and the “Nina” generative‑AI sales assistant. We assess management as competent, conservative on leverage, and pragmatic on pricing and mix.