Walmart de México names Ostalé CEO

The board for Walmart de México y Centroamérica announced that Enrique Ostalé will assume the role of president and CEO, along with serving in his current position as chairman of the board, effective Jan. 1, 2015.

Ostalé has been with the company since 2009, when he was part of Walmart's acquisition of Chilean retailer D&S, which was rebranded to Walmart Chile. There he held positions in merchandising, operations and finance after joining them in 1989, and from 1997 to 200 served as CFO. He also held the position of president and CEO of Walmart Chile from 2006 to 2013, after which he was named president and CEO for Latin America. He will be tasked with leading Walmex and continuing to oversee operations in Latin America.

"Mexico and Central America is a priority market for Walmart. Enrique has excellent global experience within the retail industry and will drive growth opportunities throughout the region, both in stores and through our growing e-commerce business," said David Cheesewright, president and CEO of Walmart International and Walmart de Mexico y Centroamérica board member, in a statement. "He is a strong leader, and his cross functional experience will ensure that we remain well positioned to serve the 2 billion customers that count on Walmex every year." Press release