Overview

• Ignacio Caride resigned as CEO and board member on August 1 after 15 months at the helm without disclosing reasons for his abrupt departure.
• The board approved Cristian Barrientos Pozo, president and CEO of Walmart Chile, as interim leader for the affiliate’s more than 4,100 stores across Mexico and Central America.
• Former CEO Guilherme Loureiro will oversee operations in Mexico, Central America, Canada and Chile to ensure continuity throughout the leadership transition.
• Walmex posted a 10% decline in second-quarter net profit alongside an 8.3% rise in sales, and investors will track its August 21 earnings report for signs of stabilization.
• The company is managing a near $5 million antitrust fine from Mexico’s competition authority while advancing a more than $6 billion investment plan to expand its store network and distribution capacity in 2025.