Walmart will put a new CEO in place for its Latin American operations, the company announced in an official news release. The new chief executive is Enrique Ostale, who will take up the position in March. He replaces the retiring Eduardo Solorzano.

Ostale has been with the firm since its 2009 acquisition of Chilean retailer D&S. He was CEO of the acquired company, and held the same position in its successor unit, Walmart Chile.

Although he is relinquishing the CEO position, Solorzano will stay with the company as chairman of the board of directors at the firm's Walmart de Mexico division.

The article Walmart Names New Latin America CEO originally appeared on Fool.com.

Eric Volkman has no position in Walmart. The Motley Fool has no position in Walmart. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Understanding Stock Market Indexes

What does it mean when people say "the market is up 2%"?

View Course »

Investing Like Warren Buffett

Learn from one of the world's best investors.

View Course »

Add a Comment

*0 / 3000 Character Maximum