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Enrique Ostalé Named CEO of Wal-Mart in Central America

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Wal-Mart Stores Inc. of Bentonville said Friday that Enrique Ostalé will be president and CEO of Walmart de México y Centroamérica, replacing Scot Rank, who is leaving the company.

Ostalé, who is chairman of the board of the retailer’s Central American business, will take over as chief executive on Jan. 1. The position oversees Wal-Mart’s operations in Mexico and Latin America.

Rank had led the group since 2005. He joined the company in 2000.

“We appreciate the leadership role that Scot played in the Walmex business for 14 years and wish him success in his new endeavors,” Ostalé said in a news release.

Ostalé joined Wal-Mart in 2009 as part of Wal-Mart’s acquisition of Chilean retailer D&S, now called Walmart Chile. Ostalé was president and CEO of Walmart Chile from 2006 until March 1, 2013, when he was appointed president and CEO for Latin America.

“Mexico and Central America is a priority market for Walmart,” David Cheesewright, president and CEO of Walmart International, said in a news release. “Enrique has excellent global experience within the retail industry and will drive growth opportunities throughout the region, both in stores and through our growing e-commerce business.”

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