"He possesses the capabilities required to lead and contribute to the achievement of the Company's objectives. This includes further bolstering our competitive position in diverse markets, and, in collaboration with our dedicated teams advancing the implementation of our strategy," commented Julio Moura, President of Cencosud. "Rodrigo is the ideal leader to spearhead our five-pillar strategy, focused on growth, innovation, sustainability, talent and financial strength, considering his professional expertise and personal skills," Mr. Moura added. The Board also expressed its sincere gratitude to Renato Gutiérrez for his commendable work as interim CEO. " Renato possesses an in-depth understanding of the Company, and as a board, we deeply appreciate the valuable contribution and professionalism he has demonstrated during these interim months, " concluded Moura. Renato will continue to serve as interim Chief Executive Officer until Rodrigo Larraín assumes the role.