Gonzalo Restrepo Lopez, Chief Executive Officer of Grupo Exito for 22 years, announced at Exito's Board of Directors meeting, his decision to step down from his position in order to dedicate himself to his family, personal projects and to the economic and social development of Colombia. In accordance to the transition process planned and organised in close coordination with Gonzalo Restrepo, the Board of Directors promoted Carlos Mario Giraldo Moreno, currently Chief Operating Officer of Exito, to the position of Chief Executive Officer. Gonzalo Restrepo will continue to provide his talent and expertise to Exito and to Group Casino as an advisor.

He will also be appointed President to the Casino Foundation, while remaining President of the Exito foundation. Casino Group would like to express to Mr. Restrepo its very sincere gratefulness for his outstanding contribution to the development of Exito which, under his leadership, has become the leader in the food retail industry in Colombia and one of the most dynamic companies in the region.