watch

Latest Media

Warning! Third-party cookies must be enabled to view SlideShare presentations. ×

Having trouble?

Wal Mart Shares Slump in Pre Market as Retailer Hit By Bribery Scandal In Mexico

The International Business Times is the leading source of news and analysis on international business and world affairs with 18 editions in 10 languages. 2013Newss provides users latest video contents including breaking news, analysis and opinion on geopolitics, global economy, science and technology, markets and culture, etc.

Wal-Mart de México SAB de CV video

Wal Mart Shares Slump in Pre Market as Retailer Hit By Bribery Scandal In Mexico

Wal-Mart de México SAB de CV video

Walmart de México y Centroamérica te invita a cuidar el planeta con productos ecológicos.

Wal-Mart de México SAB de CV video

Historia de Wal-Mart de México

Executives

Scot Rank, Chief Executive Officer
Scot Rank is the president and CEO of Walmart de México and Central America, Walmart’s retail operations in Costa Rica, El Salvador, Guatemala, Honduras, Mexico, and Nicaragua, with more than 2,000 stores and 200,000 associates.
Scot joined Walmart de México in December 2000 as deputy vice president for Bodega Aurrerá, being promoted to vice president six months after. In 2003, he was appointed senior vice president for self-service, responsible for the Walmart, Superama and Bodega Aurrerá business formats. In January 2005, he was promoted to executive vice president and chief operating officer overseeing the six retail sales business formats that are part of the Group, including the three self-service formats, Sam’s Club, Suburbia and the Vips restaurant division. During his four years responsible for operations, Scot and his team achieved a sales growth of 79 percent and an increase in profits of 112 percent.
Prior to joining Walmart de México, Scot worked in Mexico for the apparel clothing store Aca Joe, McKinsey & Co. consultancy firm and, in the consumer industry, at Crisoba and The Coca-Cola Company.
Scot has a bachelor’s degree in biology and in economics from the University of California at Davis, as well as a master of business administration from the University of California at Los Angeles.
Eduardo Solórzano Morales, Chairman
Eduardo Solórzano Morales is president and CEO of Walmart Latin America. He is responsible for the company’s operations in Argentina, Brazil, Chile, Costa Rica, El Salvador, Guatemala, Honduras, Mexico and Nicaragua, as well as business development in the Latin America region. Walmart has a significant presence in Latin America, with more than 2,700 stores and more than 315,000 associates.
Eduardo led Walmart de Mexico from 2005 until 2010, and oversaw dramatic expansion of the business in terms of units, associates, sales and share value. With the company’s acquisition of Walmart’s operations in Central America, he was instrumental in expanding the company beyond Mexico. In addition, he was responsible for the conception and creation of Banco Walmart, the world’s first Walmart bank, and the development of successful new formats such as Bodega Aurrera Express.
His career at Walmart de Mexico began in 1985, when he joined Grupo Cifra-Aurrera, holding several management positions in operations, merchandising and logistics. In 1998, he was named director of food for Walmart Supercenter, and later, as the vice president, he was instrumental in the successful implementation of the Every Day Low Prices strategy in Mexico. He went on to be named executive vice president for self-service and then chief operating officer before being named president and CEO of Walmart de Mexico.
Eduardo is the chairman of the board of directors for Walmart de Mexico and Banco Wal-Mart de México Adelante. He is a board member for the following organizations: Walmart Centroamerica, the Walmart Mexico Foundation, A.C., the Mexican Institute for Competitiveness, and the Retail Council for Coca-Cola Latin America.
A naturalized Mexican citizen, Eduardo was born in Managua, Nicaragua, and obtained his education in Mexico with a bachelor’s degree in economics from the Monterrey Institute of Technology (ITESM) and a master’s degree in economics from the University of the Americas.

News & Analysis

You may also be interested in: