Jaime Soler will leave Cencosud's general management and will be replaced by Enel Distribution manager



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Cencosud – a group linked to businessman Horst Paulmann – reported yesterday that his general manager, Jaime Soler, has resigned, having held this position for more than three years. In replacement of the Executive, as of October 1st, Mr. Andreas Gebhardt, currently Managing Director of Enel Distribución, will take office.

The company indicated, by an essential fact sent to the Commission for the Financial Market (CMF), that "The board of directors accepted the resignation and thanked Mr. Soler for his contribution to the consolidation process of Cencosud during the years he was in power. "

Sources have indicated that the wear and tear of the head of a company the size of Cencosud, with several projects under development, was one of the reasons that activated the decision of Soler.

Cencosud explained that the executive, commercial engineer from the University of Chile, 46, has retired from the company for personal reasons and with the intention to embark on new projects. He is an iconic leader of the conglomerate, who worked there for 14 years, initially in various roles: as commercial director in the Paris stores and later as general manager of the department store sector. Later, he worked as director of corporate distribution

In January 2015, Jaime Soler took over as CEO of Cencosud replacing Daniel Rodrguez, who decided to leave the company to become a director from the Mexican Femsa. For his part, Andreas Gebhardt, a civil engineer at the Catholic University, is a key man of Enel. Since 1992, at the age of 26, he has held several positions in the electrical field: he was commercial and operational director of El Matrica del Ro Maipo for 7 years and 9 months; then he took over the Chile operations of the American Multiservice Company – a company of the Enersis group – for 6 years and 10 months; He was commercial director of Chilectra (now Enel Distribución) for 8 years and 3 months; and finally general manager of Enel Distribución for 3 years and 9 months.

Gebhardt also faced a series of complex episodes at the head of Enel Distribución, which are linked to major power outages in the metropolitan area. This, because of storms and / or snowstorms, which affected various infrastructures in the capital.

In July of last year, Enel has been living in Chile one of the biggest operational crises since the company's signing in the country. Italian capitals, which had little unified their brands. After the snowfall of the weekend of July 15 and 16, 2017, an error has affected some 311,000 customers of the group's distributor in the capital, and criticisms of the company have flamed over the hours and days . This, due to the delay in repositioning the service, added to the fact that it also presented flaws in the information it was giving to customers, mayors and authorities.

THE CABINET PRESIDED BY HORST PAULMANN TAMBIN HAD IT HAPPEN THAT DAVID GALLAGHER RENUNCIED CHIEF OF THE DIRECTOR OF CENCOSUD AFTER BEING A DESIGNATED AMBASSADOR IN THE UNITED KINGDOM.

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