Wal-Mart Names Chile Head Ostale Chief of Latin America
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Wal-Mart Stores Inc. promoted Enrique Ostale, head of its Chilean stores, to president and chief executive officer of its Latin American operations as the retailer probes possible bribery in multiple regional markets.
Ostale assumes the new role March 1, the Bentonville, Arkansas-based company said today in a statement. Current Latin American chief Eduardo Solorzano will retire from the role and continue to serve on the board of Walmart de Mexico.