Christian-Philippe Schrader from Walmart has been named CFO of the Year (multinational).
BY LBC STAFF
Christian-Philippe Schrader, the Chief Financial Officer for Walmart in Latin America, has been named CFO of the Year (Multinational) by Latin Trade magazine.
"This is really a recognition of the team and everyone who is behind us,” he said at an event in Miami on Friday.
Schrader was recognized for playing a key role in the successful operations of Latin America’s largest retailer and employer and one of the top five companies doing business in Latin America.
In the 16 months he has held the CFO position at Walmart, the retailer has expanded sales through existing stores and opened new ones.
In 2010, Walmart posted Latin America sales of $44 billion, Schrader announced. That made it not only the top retailer in Latin America, but also the fifth-largest company in the region, according to a comparison with the Latin 500, the annual ranking of Latin America’s 500 largest companies that is developed by the Latin Trade Group.
Meanwhile, its employee roster of 350,000 people in Latin America makes it the largest employer in the region, according to the ranking of the top 100 employers from Latin Business Chronicle. In Mexico alone, it has more employees than the state oil giant Pemex.
Walmart now has more than 3,100 stores in Argentina, Brazil, Chile, Costa Rica, El Salvador, Guatemala, Honduras, Mexico and Nicaragua.
Schrader, who serves on the board of directors of Walmex and Walmart Chile, joined Walmart in 2010 after two decades of experience at companies that have included Dell, Philip Morris, Kraft and Sulzer. A German citizen, Schrader was educated in Germany, earning a bachelor’s degree in international business from the Hochschule Reutlingen. He also attended Valparaiso University in Indiana.
The award to Schrader is the first one Latin Trade has given to a CFO in a multinational company operating in Latin America. Previously, the magazine had given awards to CFOs in Brazil and Mexico, including the CFOs of Petrobras and Copersucar in Brazil and America Movil and Grupo Mexico in Mexico.
© Copyright Latin Business Chronicle