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Home » Chile’s Cencosud appoints new CEO after regulator scraps earlier nomination

Chile’s Cencosud appoints new CEO after regulator scraps earlier nomination

    Chilean retailer Cencosud appointed Renato Gutierrez as interim chief executive, it said on Thursday, marking its second attempt to fill the position following the previous chief's exit after being sanctioned for insider trading. Chilean regulators this week shot down the nomination of Heike Paulmann, chairwoman of the board and daughter of the company's founder, arguing a chairperson could not legally perform both roles at the same time, even on an interim basis. Former CEO Matias Videla this month was fined by the regulator for insider trading for a 2022 purchase of more than 600,000 shares in the firm.

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