Latest news with #CristianBarrientosPozo
Yahoo
04-08-2025
- Business
- Yahoo
Walmart's Mexico CEO resigns and Barrientos Pozo becomes interim
Ignacio Caride is resigning from his role as CEO of Walmart de México y Centroamérica, known as Walmex, and from the company's board of directors, after a tenure of slightly more than one year. Cristian Barrientos Pozo, currently serving as CEO of Walmart Chile, will step in as acting CEO while the company conducts a search for a permanent successor. Caride, who has led the company's operations across six countries since April 2024, has stepped down from his role for undisclosed reasons. He has been instrumental in evolving the omnichannel shopping experience for customers in the region. The resignation comes as the company has reported a 0.2% decrease in earnings before interest, taxes, depreciation and amortisation (EBITDA) for the second quarter (Q2) of 2025 - a margin contraction of 90 basis points to 9.5%. The company's Q2 operating income dropped 4%, reaching a 7% margin, but consolidated revenue increased 8.3%. As of June 2025, it has 4,124 stores. Walmart Mexico chairman of the board of directors Guilherme Loureiro will continue overseeing Mexico, Central America, Canada and Chile, providing support during the leadership transition. Barrientos Pozo previously served as senior vice-president of operations for Walmart de Mexico. His efforts include the opening of additional stores and distribution centres, and the digitalisation and strengthening of e-commerce, positioning the company as a key omnichannel player in the Mexican market. With a career spanning 26 years in retail, Barrientos Pozo's journey began as a wine buyer with Walmart Chile. His career includes creating and leading the SuperBodega aCuenta brand and serving as vice-president of operations of Bodega Aurrera. In 2017, he took on the role of CEO and general manager of Central America. "Walmart's Mexico CEO resigns and Barrientos Pozo becomes interim" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Reuters
02-08-2025
- Business
- Reuters
Walmart's Mexico CEO Caride steps down in surprise move
MEXICO CITY, Aug 1 (Reuters) - Walmart's Mexico and Central America chief executive, Ignacio Caride, will step down as CEO and from the board of directors after just over a year, the unit of the U.S. retailer said on Friday in a move that surprised analysts. Walmart's Chile CEO, Cristian Barrientos Pozo, will take over as interim chief executive until a recruitment process is completed, the company said in a statement. Barrientos Pozo, previously senior vice president of operations at Walmart de Mexico, brings more than 26 years of retail experience, including in expansion, store openings and digital transformation, the company said. The company, Mexico's largest retailer, operates Walmart, Sam's Club, and Bodega Aurrera stores across six countries. Known as Walmex, the company reported a 10% drop in net profit in its second-quarter results released in July, citing a slower-than-anticipated recovery in consumer spending despite an 8% increase in sales. Caride's resignation, while unexpected, could be a refreshing change, analysts said. JPMorgan analysts said that despite the "typical noise" around management changes, a refreshed leadership could be welcomed. "Investor concerns have been building around the retail execution weakening over the past year with poor results," the bank said in a note. Antonio Hernandez of Actinver research called the timing "unexpected but positive," especially given the company's declining margins in a competitive market. "We view favorably the company's fully hands-on approach to improve performance," he said. Santander analysts said that while the change could create short-term stock volatility, Barrientos' strong record and familiarity with the market "should help ease concerns during this transition period."
Yahoo
01-08-2025
- Business
- Yahoo
Walmart's Mexico CEO Ignacio Caride steps down
MEXICO CITY (Reuters) -The chief executive officer of Walmart's Mexico and Central America unit, Ignacio Caride, is stepping down from his role and from the board of directors effective immediately, the company said in a statement on Friday. Walmart Chile Chief Executive Officer Cristian Barrientos Pozo will serve as interim CEO until a recruiting process is completed, the statement added. Barrientos Pozo, who previously served as senior vice president of operations for Walmart de Mexico, has extensive experience driving expansion, store openings, and digital transformation, the company said, adding that he brings more than 26 years of retail experience to his new interim role. The company, Mexico's largest retailer, operates Walmart, Sam's Club, and Bodega Aurrera stores across six countries. Known as Walmex, the company reported a 10% drop in net profit in its second-quarter results released in July, citing a slower-than-anticipated recovery in consumer spending despite an 8% increase in sales. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
01-08-2025
- Business
- Reuters
Walmart's Mexico CEO Ignacio Caride steps down
MEXICO CITY, Aug 1 (Reuters) - The chief executive officer of Walmart's Mexico and Central America unit, Ignacio Caride, is stepping down from his role and from the board of directors effective immediately, the company said in a statement on Friday. Walmart Chile Chief Executive Officer Cristian Barrientos Pozo will serve as interim CEO until a recruiting process is completed, the statement added. Barrientos Pozo, who previously served as senior vice president of operations for Walmart de Mexico, has extensive experience driving expansion, store openings, and digital transformation, the company said, adding that he brings more than 26 years of retail experience to his new interim role. The company, Mexico's largest retailer, operates Walmart, Sam's Club, and Bodega Aurrera stores across six countries. Known as Walmex, the company reported a 10% drop in net profit in its second-quarter results released in July, citing a slower-than-anticipated recovery in consumer spending despite an 8% increase in sales.
