Golborne leaving Cencosud with his head held high

Laurence Golborne Riveros (aged 47) will leave his job as general director of Chilean retail giant Cencosud on January 31, 2009, after seven years and ten months at the helm. The group posted a turnover of US$1.5bil in the year 2000; it will close 2008 with sales of US$10bil. Poached away from Gener on the basis on his austerity, plain-thinking and creativity by Horst Paulmann, Golborne employed all sorts of financial artifices to finance the group's colossal expansion (flotations, capital increases, link-ups with investors, bond issues etc). The most impressive was a share exchange that allowed Cencosud to buy department-store chain Paris. The departing executive oversaw a frenzied seven-month period last year in which Cencosud entered nations three, four and five (after Chile and Argentina), namely Colombia, Brazil and Peru.

Publication: SABI - Business News
Provider: South American Business Information
December 10, 2008