Former Chilean President Sebastian Pinera wins runoff vote

Chilean President-elect Sebastian Pinera, surrounded by family and supporters, celebrates his victory outside a Santiago hotel on December 17.

Story highlights

  • Sebastian Pinera, President from 2010 to 2014, wins runoff vote to secure second, nonconsecutive term
  • Outgoing President Michelle Bachelet's pick, Alejandro Guillier, comes up short in second-round vote

(CNN)Chile's former President, the conservative billionaire Sebastian Pinera, has been elected to serve another term as the country's leader.

Pinera, who governed the South American nation from 2010 to 2014, defeated leftist candidate Alejandro Guillier during a second round of voting Sunday.
    Chile's Electoral Service said Pinera won with 54.58% of the votes. Guillier came in second with 45.42%, a much wider margin