As of March 11, Cencosud S.A. has in place a new corporate organizational structure, with the purpose of accelerating its five-pillar strategic plan. This will be driven by an innovative culture that positions Cencosud as an industry leader and sets benchmarks at a global level. Cencosud also announced the appointment of Andrés Neely, as Chief Financial Officer replacing Inés Ostenrieder, who is leaving the Company.

Mr. Neely was most recently CFO of Cencosud Shopping S.A. He is tasked with continuing to maximize value creation in the businesses and countries, leading financial discipline, capturing synergies and development of the capital allocation strategy.