MEXICO CITY (Reuters) -The chief executive officer of Walmart’s Mexico and Central America unit, Ignacio Caride, is stepping down from his role and from the board of directors effective immediately, the company said in a statement on Friday.
Walmart Chile Chief Executive Officer Cristian Barrientos Pozo will serve as interim CEO until a recruiting process is completed, the statement added.
Barrientos Pozo, who previously served as senior vice president of operations for Walmart de Mexico, has extensive experience driving expansion, store openings, and digital transformation, the company said, adding that he brings more than 26 years of retail experience to his new interim role.
The company, Mexico’s largest retailer, operates Walmart, Sam’s Club, and Bodega Aurrera stores across six countries.
Known as Walmex, the company reported a 10% drop in net profit in its second-quarter results released in July, citing a slower-than-anticipated recovery in consumer spending despite an 8% increase in sales.
(Reporting by Natalia Siniawski; Editing by Brendan O’Boyle)
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