Walmart U.S. Announces New CEO

Greg Foran was promoted to president and chief executive officer of Walmart U.S.

A 35-year retail veteran; Foran joined Walmart in October 2011 and became president and chief executive officer of Walmart China in March 2012. He was promoted to president and chief executive officer of Walmart Asia earlier this year.

Foran succeeds Bill Simon, who was in the position since June 2010 and will be transitioning out of the company. He will assume his responsibilities starting August 9 and will report directly to Walmart president and chief executive officer Doug McMillion.

“Greg is one of the most talented retailers I’ve ever met. His depth of knowledge and global experience will bring a fresh perspective to our business,” says McMillon. “His passion for fresh food, experience in general merchandise and commitment to e-commerce will help us serve our customers even more effectively for years to come.”

Prior to Walmart, Foran held a number of roles with Woolworths in Australia and New Zealand and served as general manager of Big W, Woolworth’s industry leading discount store business and as general manager of Dick Smith Electronics.

The company will announce Foran’s successor as President and CEO of Walmart Asia at a later date.

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