What: Falabella announced that in the last meeting of the board of directors the resignation of Hernán Büchi Buc from his position as director of the company, effective December 13.

Why it is important: The departure of Hernán Büchi Buc follows the conciliation agreement approved this November in Chile by the Free Competition Defense Court and signed between the National Economic Prosecutor's Office and Falabella, to end the trial that began in December 2021 for allegedly Violation of the horizontal interlocking prohibition.

Falabella proceeded to appoint Ricardo Cruzat Ochagavía as the new director, who will replace Büchi Buc during the most recent board of directors meeting.

Falabella director replaced by Ricardo Cruzat