Wal-Mart Argentina’s CEO will also oversee the retailer’s Chile operations

January 27, 2015 12:55 PM

Executive changes are afoot at Wal-Mart Stores Inc.’s Latin America operations.

The retailer, No. 4 in the Internet Retailer 2014 Latin America 500, says Gian Carlo Nucci, president and CEO of Wal-Mart Chile, plans to retire in June. He’ll be replaced by Horacio Barbeito, president and CEO of Wal-Mart Argentina, who will also continue in his current position.

Even though Wal-Mart is aligning its Chile and Argentina presences under a single leader, the retailer plans to keep the two operations separate businesses.

Agustín Beccar Varela, director of marketing, corporate strategy and e-commerce for Wal-Mart Argentina will oversee the retailer’s day-to-day operations. He will report to Barbeito.

Nucci has worked for Wal-Mart for 22 years, including the past two years in which he led the retailer’s Chile business. During his tenure, he also worked in several roles for Wal-Mart’s Mexican operations. Wal-Mart says Nucci will join the boards of directors for both its Chilean Mexican businesses.

Barbeito, who joined Wal-Mart in 1995 as a trainee buyer in Argentina, has held several regional and international leadership roles, including president and CEO of Wal-Mart Argentina since 2012. In his new role, Barbeito will continue to report to Enrique Ostale, Wal-Mart’s president and CEO of Latin America. Ostalé was also named CEO and president of Wal-Mart de Mexico Jan. 1.

Wal-Mart operates four e-commerce businesses in Latin America, as well as  more than 4,000 stores.

Wal-Mart is also No. 4 in the Internet Retailer 2014 Top 500 Guide.




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