Mexican retailer Walmex recruits former Citigroup exec

12/12/2008 | Reuters

Wal-Mart de Mexico has hired Jose Maria Urquiza, a banker who spent 25 years at Citigroup, to lead its bank operations. Urquiza will replace former Banco Wal-Mart CEO Julio Gomez, the leading Mexican retailer said. Walmex said it is maintaining its goal of getting the relatively new Banco Wal-Mart to turn a profit by 2011.

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