Cencosud selects new CEO

Cencosud selects new CEO

People Chile

Chile's Cencosud said it has named Matías Videla as its new CEO to replace Andreas Gebhardt, who steps down at the end of the month. Videla has worked for Cencosud for 22 years, most recently as CFO, the retail company said in a securities filing. He was previously in charge of Cencosud's supermarkets in Argentina, it added. Shares in Cencosud dropped 4.69% to CLP1,033 ($1.31) after the surprise announcement. Videla will be the fifth CEO in 11 years. Gebhardt had held the top job at Cencosud for

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial