Wal-Mart executive Eduardo Castro-Wright, who remains at the center of a Mexican bribery scandal, retired from the retail giant on July 1 as planned and without much fanfare, according to this Bloomberg report.
Castro-Wright, once a rising star in the Wal-Mart ranks, resigned from his board position in April after news of the alleged Mexican bribery scandal erupted. He was head of the company's Mexican operations during its high-growth years when much of the alleged bribery occurred.
The Justice Department and U.S. Securities and Exchange Commission are probing allegations the Bentonville, Arkansas- based retailer approved as much as $24 million in bribes as recently as 2005, when Castro-Wright ran the Mexico business. Castro-Wright retired on schedule, David Tovar, a Wal-Mart spokesman, said in an e-mail.