The Board of Director of Walmart de Mexico y Centroamerica announced that Enrique Ostale will assume the position of President and Chief Executive Officer of the company, in addition to fulfilling his role as Chairman of the Board. This designation is effective January 1, 2015. Ostale joined Wal-Mart Stores Inc. in 2009 as part of Walmart's acquisition of the Chilean retailer D&S, now Walmart Chile, where he held several positions in merchandising, operations and finance from 1989, and from 1997 to 2000 served as Chief Financial Officer.

He served as President and CEO of Walmart Chile from 2006 until March 1, 2013, when he was appointed President and CEO for Latin America. In addition to leading Walmex, Ostale will continue to oversee Walmart's operations in Latin America. Walmart de Mexico y Centroamerica also announced that Scot Rank will be leaving his position on the Board of Directors.