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Walmart appoints Canada CEO

Walmart Inc.'s Canadian unit appointed Horacio Barbeito as President and CEO, effective in October.

Barbeito, who has been with Walmart for nearly 25 years, was most recently CEO of Walmart Argentina and Chile, the company said Aug. 26.

Barbeito will succeed Lee Tappenden, who is expected to exit the retail giant on Jan. 31, 2020. Tappenden will work with Barbeito through October and transition to a global role as part of the company's international support team until his departure.