SANTIAGO, Chile, July 4 /PRNewswire/ -- The following release is being issued by Distribucion y Servicio D&S S.A. showing the contents of a letter filed with the local Superintendency of Securities and Insurance as follows:
Securities Registry No 0593
Santiago, July 4, 2006.
Mr. Alberto Etchegaray de la Cerda
Superintendent
Superintendency of Securities and Insurance
Av. Libertador Bernardo O'Higgins 1449
SANTIAGO
Ref.: Report on Change in Management.
Dear Sirs:
In accordance with that which is stipulated in letter C of paragraph 2.3 of Section II of the General Regulation No 30 issued by that Superintendency, we hereby inform you of the following changes pertaining to the Board of Directors and Management of Distribucion y Servicio D&S S.A. ("D&S"). Such changes have been agreed upon during extraordinary board meeting held on July 3 of 2006:
1. D&S Director Mr. Enrique Ostale Cambiaso submitted his resignation to office, effective July 31 of 2006, which was accepted by the board. The board unanimously agreed not to appoint a new director to fill the vacant seat left by Mr. Ostale's resignation.
2. The Board agreed unanimously to appoint Mr. Enrique Ostale Cambiaso to the office of Chief Executive Officer of D&S, effective August 1, 2006.
3. The Company's General Manager in office, Mr. Rodrigo Cruz Matta, will retain such office until July 31, 2006, and will take on the office of D&S Controller effective August 1 of the current year.
Yours sincerely,
Rodrigo Cruz Matta
General Manager
Distribucion y Servicio D&S S.A.
cc. Santiago Stock Exchange
Chilean Electronic Stock Exchange
Valparaiso Stock Exchange
Risk Rating Commission
New York Stock Exchange (US)
Latibex-Madrid Stock Exchange (Spain)
