Grupo LALA Announces CEO Succession Plan

Strategic Insights -

Grupo LALA, Mexico's leader in healthy and nutritious foods, has initiated its CEO succession plan, which will take effect in mid-2015. Arquimedes Celis, the current CEO, will retire from the Company effective June 30, 2015, at the age of 62, after successfully leading the Company for the past fourteen years. Scot Rank, the retiring CEO of Walmart de Mexico and Central America, will succeed Mr. Celis as Chief Executive Officer.

Key Takeaways:

  • Arquimedes Celis, the current CEO of Grupo LALA, will retire from the Company effective June 30, 2015, at the age of 62, after successfully leading the Company for the past fourteen years.
  • Scot Rank, the retiring CEO of Walmart de Mexico and Central America, will succeed Mr. Celis as Chief Executive Officer.
  • Scot Rank has held senior leadership positions in Walmex for the past ten years, increasing sales by 230% and operating profits by 280%.
  • Grupo LALA operates 17 production plants and 160 distribution centers in Mexico and Central America, supported by more than 31,000 employees.
  • The Company's fleet of approximately 7,300 vehicles distributes its more than 600 products to nearly 500,000 points of sale.

Statistics:

  • Grupo LALA operates 17 production plants and 160 distribution centers in Mexico and Central America.
  • The Company has a workforce of over 31,000 employees.
  • Grupo LALA's fleet of approximately 7,300 vehicles distributes its more than 600 products to nearly 500,000 points of sale.
  • Scot Rank increased sales at Walmex by 230% and operating profits by 280% during his tenure as CEO.

Sources:

  • Grupo LALA, S.A.B. de C.V.presso release dated January 5, 2015
  • PR Newswire: "Grupo LALA Announces CEO Succession Plan" (January 5, 2015)