Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Wal-Mart Names Enrique Ostale EVP, President And CEO Of Walmart Latin America

RELATED NEWS
Trade WMT now with 

Wal-Mart Stores Inc. (WMT: Quote) announced Friday that Enrique Ostale, president and CEO of Walmart Chile, formerly D&S, has been named executive vice president, president and CEO of Walmart Latin America, where he will oversee Walmart's operations in Argentina, Brazil, Chile, Costa Rica, El Salvador, Guatemala, Honduras, Mexico and Nicaragua.

Based in Walmart's Latin American regional office in Mexico City, Ostale will assume his new role on March 1st. Eduardo Solorzano will retire as president and CEO of Walmart Latin America and continue to serve as chairman of the board of directors at Walmart de Mexico.

Ostale joined D&S in 1989, serving as the manager of the company's finance division, merchandising division and Lider format division, and then as the CFO. In 2000 Ostale left D&S to serve as CEO of El Mercurio Online, the website for Chile's El Mercurio Newspaper. He later served as dean of the business school of the Adolfo Ibanez University from 2002 to 2006. In 2006, Ostale rejoined D&S as president and CEO. Following Walmart's acquisition of D&S in 2009, Ostale was key in leading D&S's successful transformation to Walmart Chile.

Gian Carlo Nucci, currently executive vice president and COO of Walmart de Mexico, has been named to replace Ostale as president and CEO of Walmart Chile. Nucci joined Walmart de Mexico in 1993 and served in several roles, including responsibilities for all Sam's Club operations in Mexico, before being named vice president, VIPS Restaurants, in 2003. He then served as vice president, Superama, before being promoted to senior vice president, Sam's Club and then executive vice president, Specialized Formats. Nucci was appointed COO of Walmart de Mexico in January, 2010.

Register
To receive FREE breaking news email alerts for Wal-Mart Stores Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.