Brazilian retailer Companhia Brasileira de Distribuicao (CBD) said today (16 April) that CEO Cláudio Galeazzi is to stay on at the business until the end of 2010.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company, better known through its trading name Grupo Pao de Acucar, said Galeazzi’s had accepted the board’s invitation to remain at the retailer until the end of next year.


“The company’s excellent results and Mr. Galeazzi’s alignment with our beliefs and values were determining factors in this decision,” the board said.


Last month, the group posted a 41.6% increase in full-year net profit to BRL298.6m (US$137m).


Net sales for the year were up 21% to reach BRL18.03bn on the previous year.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now