Carlos Peón Machado (1859 - 1923) was a Mexican lawyer, engineer, landowner, and politician who served as Governor of Yucatán between 1894 and 1897. Due to his immense wealth and political influence, he is considered one of the main figures of the nineteenth-century Yucatecan oligarchy that is known as the Divine Caste (Casta Divina). During his administration, he was responsible for promoting the henequen boom which transformed Yucatán into the wealthiest and most industrialized state in Mexico at the beginning of the 20th century.