By  on January 11, 2013

Wal-Mart Stores Inc. on Friday named Enrique Ostale president and chief executive officer of Wal-Mart Latin America, effective March 1.

Ostalewill take the reins of the retail giant’s operations in Argentina,Brazil, Chile, Costa Rica, El Salvador, Guatemala, Honduras, Mexico andNicaragua at a difficult time for the Bentonville, Ark.-based retailerand its international division. Wal-Mart is facing an ongoinginvestigation into possible bribery in multiple global markets, withMexico taking center stage.

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