Falabella appoints an interim CEO as of January 1
What: Following the departure of Gastón Bottazzini, Alejandro González, the company's financial director for the past seventeen years, will assume the interim CEO role starting January 1st, as the search for a permanent CEO continues.
Why it is important: Falabella is observing a significant leadership change with the both the interim CEO and the appointment of Enrique Ostalé as the new president, marking the first time the presidency passed to an executive external to the owning families.
González has been credited with orchestrating the capital increase in 2018 and implementing an efficiency plan resulting in a 6% reduction in expenses.
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