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Enrique Ostale Named President and CEO of Walmart Latin America



       Enrique Ostale Named President and CEO of Walmart Latin America

CEO of Walmart Chile will now lead nine markets and more than 373,000
associates

PR Newswire

BENTONVILLE, Ark., Jan. 11, 2013

BENTONVILLE, Ark., Jan. 11, 2013 /PRNewswire/ -- Wal-Mart Stores, Inc. (NYSE:
WMT), today announced that Enrique Ostale, president and CEO of Walmart Chile,
formerly D&S, has been named executive vice president, president and CEO of
Walmart Latin America, where he will oversee Walmart's operations in
Argentina, Brazil, Chile, Costa Rica, El Salvador, Guatemala, Honduras, Mexico
and Nicaragua.

Based in Walmart's Latin American regional office in Mexico City, Ostale will
assume his new role on March 1st. Eduardo Solorzano will retire as president
and CEO of Walmart Latin America and continue to serve as chairman of the
board of directors at Walmart de Mexico.

Ostale joined D&S in 1989, serving as the manager of the company's finance
division, merchandising division and Lider format division, and then as the
CFO. In 2000 Ostale left D&S to serve as CEO of El Mercurio Online, the
website for Chile's El Mercurio Newspaper. He later served as dean of the
business school of the Adolfo Ibanez University from 2002 to 2006. In 2006,
Ostale rejoined D&S as president and CEO. Following Walmart's acquisition of
D&S in 2009, Ostale was key in leading D&S's successful transformation to
Walmart Chile.  

Gian Carlo Nucci, currently executive vice president and COO of Walmart de
Mexico, has been named to replace Ostale as president and CEO of Walmart
Chile. Nucci joined Walmart de Mexico in 1993 and served in several roles,
including responsibilities for all Sam's Club operations in Mexico, before
being named vice president, VIPS Restaurants, in 2003. He then served as vice
president, Superama, before being promoted to senior vice president, Sam's
Club and then executive vice president, Specialized Formats.  Nucci was
appointed COO of Walmart de Mexico in January, 2010. 

"Eduardo, Enrique and Gian Carlo have each made contributions that have
fostered the development of Walmart in Latin America," said Doug McMillon,
president and CEO of Walmart International. "For 27 years, Eduardo has been a
champion for our customers in Mexico and across Latin America, and we are
pleased he's staying on as chairman of Walmart de Mexico. Under his
leadership, the first Walmart Bank was founded, Central America became part of
Walmart de Mexico and the Every Day Low Prices strategy extended to Central
and South America. Likewise, Enrique's leadership in Chile has been key to
both the successful integration of D&S with Walmart following our 2009
acquisition, and also to Walmart Chile's ongoing success. Gian Carlo's
experience and record of accomplishments at Walmart de Mexico ensure we will
continue to innovate in service to our customers in Chile."

"Walmart's Latin American operations hold tremendous potential for our company
and I look forward to building on our success in these markets," Ostale said.
"I am honored to expand our mission across the region to provide many more
families, many of whom today lack access to products and services at low cost,
the opportunity to live better lives."

Walmart has more than 373,000 associates and 3,832 retail units in Argentina,
Brazil, Chile, Costa Rica, El Salvador, Guatemala, Honduras, Mexico and
Nicaragua.

About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and
live better – anytime and anywhere – in retail stores, online, and through
their mobile devices.  Each week, more than 200 million customers and members
visit our 10,400 stores under 69 banners in 27 countries and e-commerce
websites in 10 countries. With fiscal year 2012 sales of approximately $444
billion, Walmart employs more than 2.2 million associates worldwide. Walmart
continues to be a leader in sustainability, corporate philanthropy and
employment opportunity. Additional information about Walmart can be found by
visiting http://corporate.walmart.com, on Facebook at
http://facebook.com/walmart and on Twitter at
http://twitter.com/walmartnewsroom. Online merchandise sales are available at
http://www.walmart.com and http://www.samsclub.com.

SOURCE Wal-Mart Stores, Inc.

Website: http://www.walmart.com
Website: http://corporate.walmart.com
Contact: Kevin Gardner, U.S Reporters, 1-800-331-0085, International
Reporters, +1-479-273-4314, http://news.walmart.com/media
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