Arab Today, arab today walmart replaces latam chief
Last Updated : GMT 16:24:37
Arab Today, arab today
Arab Today, arab today

Walmart replaces LatAm chief

Arab Today, arab today

Arab Today, arab today Walmart replaces LatAm chief

Washington - AFP

Walmart announced Friday it is replacing the head of its Latin America unit as the company faces probes for alleged bribery in its Mexico operations. Walmart said Eduardo Solorzano, who had overseen a rapid and powerful expansion in Mexico in the early 2000s that is clouded by allegations of corrupt payments, will be replaced as president and chief executive of Walmart Latin America by Enrique Ostale, the current Chile chief. Solorzano will continue to serve as chairman of the board of directors at Walmart de Mexico, the company said, making no mention of the scandal that sparked a probe by the Department of Justice. \"For 27 years, Eduardo has been a champion for our customers in Mexico and across Latin America, and we are pleased he\'s staying on as chairman of Walmart de Mexico,\" the company said. In April last year, Walmart, the world\'s largest retailer, said it had opened an internal investigation into its operations in Mexico -- later expanded to several other countries -- after the New York Times published a detailed account alleging it paid $24 million in bribes to Mexican officials to be able to rapidly expand its Mexico business, now only second to its business in the United States. The story suggested that Walmart had violated both Mexican and US laws, including the US Foreign Corrupt Practices Act, which aims at curbing US corporate misbehavior abroad.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today walmart replaces latam chief Arab Today, arab today walmart replaces latam chief

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today walmart replaces latam chief Arab Today, arab today walmart replaces latam chief

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday