People: Massmart Holdings Ltd (MSMJ.J)
19 Jul 2019
Mr. Enrique Ostale is Non-Independent Non-Executive Director of the Company. He is vice president, president and CEO of Walmart Latin America, India and Africa as well as chairman of the board of directors of Walmart Mexico and Central America and a member of the Nomination and Remuneration Committees Commercial Engineering, Major in Business Administration (Adolfo Ibáñez University, Chile) and MSc in Accounting and Finance (London School of Economics (LSE)) Enrique Ostalé assumed his expanded role in February 2016 after serving as president and CEO of Walmart Mexico, Central America and Latin America. From 2006 to February 2013, Enrique served as president and CEO of Walmart Chile. His experience in this latter post included his leadership of the successful transition of the D&S chain, acquired by Walmart Stores Inc. in 2009, into today’s Walmart Chile. Part of his work involved imprinting the seal of Walmart’s corporate culture on the organization, adopting along with his team the mission of “helping people save money so they can live better” and incorporating the promotion of sustainability as one of the operational pillars of the business. Ostalé joined D&S in 1989, serving initially as manager of its financial division, then of its merchandising division and subsequently as manager of its Lider format before becoming its CFO. In 2000, he left the company to take up a position as CEO of Emol, the online service of the El Mercurio newspaper. Between 2002 and 2006, he was dean of the Business School of the Adolfo Ibáñez University before returning to D&S as its general manager, president and CEO.
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