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• Walmart announced that Rafael Matute, CFO of its Mexican unit for the past 17 years, plans to retire in July, to be replaced by Wal-Mart Latin America CFO Pedro Farah.

Matute is the second senior Walmex executive to leave the company in recent months; Walmex Chairman Enrique Ostalé replaced Scot Rank as CEO of the company last month.
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