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Walmart’s Mexico CEO Ignacio Caride steps down in surprise move

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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 US 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…

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