Ex-Walmart de Mexico CEO to head Grupo Lala

It didn't take long for former Walmart de Mexico executive Scot Rank to land a new job.

Mexican dairy company Grupo Lala has appointed Rank, the former chief executive officer of Walmart de Mexico, as its new chief executive to replace retiring top boss Arquimedes Celis, the company said.

Celis, who served as CEO for 14 years, will retire on June 30 but continue as a board member at the company, one of Latin America's largest dairy producers.

Walmex, Mexico's biggest retailer, said in October that Scot Rank was stepping down after five years as CEO and 14 years on the board.

Enrique Ostale, Walmex chairman and Latin America chief executive officer for parent company Wal-Mart Stores Inc., took over as CEO of Walmex on Jan. 1.