December 21, 2009 (FinancialWire) — Wal-Mart Stores, Inc. (NYSE: WMT) has named Eduardo Solorzano, president and CEO of Walmart de Mexico, as executive vice president, president and CEO of Walmart Latin America, where he will oversee Walmart’s operations in Argentina, Brazil, Chile, Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua and Puerto Rico.

In addition to his new regional role, Walmart de Mexico said it has elected Solorzano chairman of the board and that Scot Rank, executive vice president and COO, has been named to replace Solorzano as president and CEO.

Walmart said that Rank is a long-time resident of Mexico and has more than two decades of ties to the country, including nine years with Walmart de Mexico.

Based in Walmart’s Latin American regional office in Miami, Solorzano will assume his new role Jan. 18.

Solorzano has led Walmart de Mexico since early 2005.

Arkansas-based Wal-Mart Stores has more than 8,000 retail units under 53 different banners in 15 countries.

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