Date Published:
05/03/2012 For personal reasons, Eduardo Castro-Wright the former leader of Mexican operations for Wal-Mart, which is now embroiled in a bribery scandal, has resigned.
Castro-Wright said in the letter of resignation that he must now focus on “protecting my good name and business reputation.” And maybe defending himself from allegations under the US Foreign Corrupt Practices Act (FCPA).
Castro-Wright joined the MetLife Boards (he served on two related Boards) in 2008.
Risk Management Perspective:
Net the move is good for MetLife, regardless of whether it was initiated by them or by Castro-Wright as reported. Other Boards where former implicated Wal-Mart executives are involved may also look at their situations.
Industry Group:
Large Enterprises
Industry:
Retail
Country:
Rest of World
Risk Class:
Strategic
Risk Type:
Ethical Tone
Risk Type:
Leader Risks