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Wal-Mart Names Ostalé Latin America CEO

BENTONVILLE, Ark. — Wal-Mart Stores here on Friday said that it has named Enrique Ostalé as the new president and chief executive officer of Walmart Latin America, succeeding Eduardo Solórzano, who is retiring but will continue to serve as chairman of the board of directors of Walmart de Mexico.

Ostalé was formerly president of Walmart Chile. In his new role he will oversee Wal-Mart’s operations in Argentina, Brazil, Chile, Costa Rica, El Salvador, Guatemala, Honduras, Mexico and Nicaragua. Ostalé joined Wal-Mart from D&S, which Wal-Mart acquired in 2009.

Gian Carlo Nucci, currently executive vice president and chief operating officer of Walmart de México, has been named to replace Ostalé as president and CEO of Walmart Chile. Nucci joined Walmart de México in 1993 and served in several roles, including responsibilities for all Sam’s Club operations in Mexico. Nucci was named chief operating officer of Walmart de México in January, 2010.

“Eduardo, Enrique and Gian Carlo have each made contributions that have fostered the development of Walmart in Latin America,” Doug McMillon, president and CEO of Walmart International, said in a statement. “For 27 years, Eduardo has been a champion for our customers in Mexico and across Latin America, and we are pleased he’s staying on as chairman of Walmart de Mexico.

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"Under his leadership, the first Walmart Bank was founded, Central America became part of Walmart de México and the Every Day Low Prices strategy extended to Central and South America. Likewise, Enrique’s leadership in Chile has been key to both the successful integration of D&S with Walmart following our 2009 acquisition, and also to Walmart Chile’s ongoing success. Gian Carlo’s experience and record of accomplishments at Walmart de México ensure we will continue to innovate in service to our customers in Chile.”

Solórzano was CEO of Wal-Mart’s Mexican operations when the company was involved in an alleged bribery scandal currently under investigation.

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