Walmart de Mexico y Centroamerica announced that Scot Rank, currently its President and Chief Executive Officer, will retire from his current position at the beginning of 2015. He will assume, upon his retirement, the role of Vice Chairman of the Board of Directors for Walmex. Scot has been for the last five years as CEO and the five previous as Chief Operating Officer.

The operations of the different formats of the company will be handled by the CEO of Walmart de Mexico y Centroamerica. Additionally, the Walmex Board of Directors concluded that to support the future growth of the company it is important to focus on its operations and strengthen the corporate services that support them. The board approved that the responsibilities of the chairman of the board be expanded to include certain executive functions reporting into the role.

With this announcement, Enrique Ostale, President and Chief Executive Officer - Walmart Latin America, and current Chairman of the Board of Walmex, will now also serve as Executive Chairman of the Board of Walmex. The operations of the different formats of the company will be handled by the CEO of Walmart de Mexico y Centroamerica.