GPA names new CEO

GPA names new CEO

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Companhia Brasileira de Distribuição, which still does business as GPA, said it appointed Jorge Faiçal as its new CEO following the spin-off of its wholesale unit Assaí. Faiçal was previously the head of GPA's Multivarejo brand. He takes over from CFO Christophe Hidalgo, who was appointed interim CEO to oversee the planned spin-off of Assaí through an initial public offering (IPO) on the stock exchanges in São Paulo and New York, GPA said in a securities filing late Friday. Former CEO Peter Este

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