Wal-Mart de México, S.A.B. de C.V. announced executive changes. The shareholders of company approved the appointment of Christopher Nicholas as director in its meeting. Olga Gonzalez, who has been with Company for the last 3 years and with Walmart for the last 10 years, announced her intention to retire for personal reasons by April 30, 2020 and her resignation was approved by the Board.

Milton Brandt, currently CFO for Central American business, was designated as Interim CFO. The designation of permanent CFO will be announced as promptly as practicable. Olga and Milton will jointly work together to achieve a seamless transition, which will be achieved because of the positions that Milton has held with Walmex and Walmart.

Guilherme Loureiro was ratified as president and CEO of the company.