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Walmex Names Wal-Mart Brazil Leader As New CEO

January 14, 2016: 12:00 AM EST
Walmart de Mexico y Centroamerica appointed Guilherme Loureiro as its new chief executive officer effective February 1, 2016. Previously CEO of Wal-Mart Brazil, Loureiro will replace Enrique Ostale, who will remain as CEO of Wal-Mart Latin America. Ostale, who was CEO of Walmex for just over a year, took over from Scot Rank, who was CEO when bribery allegations came out against the company.
Elinor Comlay, "UPDATE 2-Walmex gets new CEO from Wal-Mart Brazil", Reuters, January 14, 2016, © Thomson Reuters
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