Dia appoints new Brazil CEO to lead restructuring

Spanish supermarket chain Dia has appointed Marcelo Maia as chief executive of its Brazilian subsidiary to lead a restructuring process in the country, and as part of a broader global shakeup. Dia Brasil has 900 brick-and-mortar stores across Brazil, and closed around 300 underperforming stores last year, most of which were franchises. The company employs 6,800 people in Brazil.

Source: Reuters