Bloomberg News

Wal-Mart Appoints Greg Foran as New China President, CEO

February 08, 2012

Feb. 7 (Bloomberg) -- Wal-Mart Stores Inc., the world’s largest retailer, appointed Greg Foran as president and chief executive officer of its China unit, more than three months after his predecessor Ed Chan left the company.

Foran, currently senior vice president for Wal-Mart International, will assume his new roles effective March 1, the company said in an e-mailed statement today. He will move to China, pending work visa approval, Wal-Mart said.

Chan, Wal-Mart’s former head in China, resigned in October amid a pork-labeling probe that temporarily shut all 13 of its stores in the southwestern city of Chongqing. Wal-Mart’s Asia chief Scott Price has acted as interim head for China operations.

Foran joined Wal-Mart in October and previously headed the food and liquor business at Sydney-based Woolworths Ltd., Australia’s biggest retailer.

Wal-Mart, based in Bentonville, Arkansas, operates more than 370 stores in 140 Chinese cities, according to today’s statement.

--Michael Wei. Editors: Garry Smith, Terje Langeland

To contact Bloomberg News staff for this story: Michael Wei in Shanghai at mwei13@bloomberg.net

To contact the editor responsible for this story: Stephanie Wong at swong139@bloomberg.net


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