Eduardo Castro-Wright

Eduardo Castro-Wright is the former Vice Chairman and CEO of the Walmart’s Global eCommerce and Global Sourcing businesses, he retired on July 1, 2012. [1] Castro-Wright previously served as the President and CEO of Wal-Mart Stores USA, the United States division of the world's third largest corporation by revenue according to the 2008 Fortune 500.[2][3]

Childhood and family

Castro-Wright was born in Ecuador and is the second oldest of eight siblings in a tightly knit retailing family. His grandfather founded a supermarket more than 50 years ago that became that nation's largest chain. He has three daughters with his wife Fabiola De Castro.[2]

Career

Castro-Wright graduated in 1975 from Texas A&M University with a degree in mechanical engineering. He rebuilt RJR Nabisco's Latin American operations during the KKR era. In the late 1990s he ran all of the Asia-Pacific division for Honeywell. He then joined Walmart in 2001 as president and COO (Chief Operations Officer) of Walmart Mexico and was promoted to President and CEO, of Walmart U.S. in 2003. [4] In 2004, Castro-Wright led sales of Wal-Mex's 700 outlets to rise 11 percent to $12.5 billion and net income to grow 36 percent. He also served as COO for a short period until being named president and CEO of Walmart U.S. in 2005. [5] He was promoted to Vice Chairman in 2008. [2] In August 2010, he was named one of the Top 25 Multilatinos by Latin Business Chronicle.

On April 21, 2012, The New York Times reported that Castro-Wright was implicated in a vast corruption scheme while serving as head of Wal-Mart's Mexico unit. The Times reported that he approved paying millions of dollars in bribes to Mexican officials to secure quick approval of permits to build new stores.[6]

References

  1. ^ http://news.walmart.com/news-archive/2011/09/27/walmart-vice-chairman-eduardo-castro-wright-to-retire-in-2012
  2. ^ a b c Jenny Mero and Matthew Boyle (2006-01-24). "Rising Star: Eduardo Castro-Wright, Wal-Mart: Meet Corporate America's next generation of leaders". Fortune. Retrieved 2009-07-30. 
  3. ^ Staff Writer. "Fortune Global 500." CNN/Fortune. 2007. Retrieved on November 8, 2007.
  4. ^ http://news.walmart.com/news-archive/2011/09/27/walmart-vice-chairman-eduardo-castro-wright-to-retire-in-2012
  5. ^ http://news.walmart.com/news-archive/2011/09/27/walmart-vice-chairman-eduardo-castro-wright-to-retire-in-2012
  6. ^ Barstow, David (April 21, 2012). "At Wal-Mart in Mexico, a Bribe Inquiry Silenced". The New York Times. 
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