Wal-Mart names president, CEO of Walmart de Mexico

Bentonville, Ark. Wal-Mart Stores announced that Eduardo Solorzano, president and CEO of Walmart de Mexico, has been named executive VP, president and CEO of Walmart Latin America, where he will oversee Walmart's operations in Argentina; Brazil; Chile; Costa Rica; El Salvador; Guatemala; Honduras; Mexico; Nicaragua and Puerto Rico.

In addition to his new regional role, Walmart de Mexico has elected Solorzano chairman of the board and Scot Rank, executive VP and COO, has been named to replace Solorzano as president and CEO.

Solorzano's career at Walmart de Mexico began in 1985, when he joined Grupo Cifra-Aurrera, holding several management positions in operations, merchandising and logistics.