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Brazilian retailer GPA's Marcelo Pimentel out as CEO
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Brazilian retailer GPA's Marcelo Pimentel out as CEO
Oct 22, 2025 12:49 PM

SAO PAULO, Oct 22 (Reuters) - Brazilian food retailer

GPA announced on Wednesday that Chief Executive

Marcelo Pimentel had resigned from his role, adding that Chief

Financial Officer Rafael Russowsky was elected by the board to

serve as interim CEO.

In a securities filing, the company also said Pimentel had

resigned from his board seat. Russowsky now fills the roles of

CEO, CFO and Investor Relations Officer.

Earlier this month, GPA's shareholders had

removed

its previous board of directors, replacing it with a new

nine-member group.

The extraordinary meeting had happened at the request of

the Coelho Diniz family, which increased its stake in the

company to 24.6% in August. Andre Coelho Diniz was elected as

chairman this month.

Pimentel had been CEO since 2022, when he began

executing a restructuring plan focused on the supermarket brand

Pao de Acucar and online sales.

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