Wal-Mart Aligns Latin America Division Under CEO Ostalé

Enrique Ostalé will assume the position of president and CEO of Walmart de México y Centroamérica, in addition to fulfilling his role as chairman of the board, effective January 1, 2015, the company announced. He served as president and CEO of Walmart Chile from 2006 until March 2013, when he was appointed president and CEO for Latin America, the retailer noted.

Ostalé joined Wal-Mart Stores, Inc. in 2009 as part of its acquisition of the Chilean retailer D&S, which now operates as Walmart Chile. At D&S, he held multiple positions in merchandising, operations and finance from 1989 and, from 1997 to 2000, served as CFO.

In addition to leading Walmex, Ostalé will continue overseeing Walmart’s operations in Latin America, the company reported.

“Mexico and Central America is a priority market for Walmart,” said David Cheesewright, president and CEO of Walmart International and Walmart de Mexico y Centroamérica board member, said in announcing the appointment. “ 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. He is a strong leader, and his cross functional experience will ensure that we remain well positioned to serve the two billion customers that count on Walmex every year.”

Cheesewright added, “The dual role of CEO for both Walmex and Walmart Latin America will give Enrique the unique ability to leverage our expertise and capability across nine markets, taking advantage of the growth opportunities that the whole region has to offer.”