Walmart (NYSE: WMT) has announced that Greg Foran, 53, has been promoted to President and CEO of Walmart U.S. Foran succeeds Bill Simon who has been in the role since June 2010 and will be transitioning out of the company.
Foran will assume his responsibilities on August 9 and will report directly to Walmart President and CEO, Doug McMillon. Simon will be available on a consulting basis for the next six months to ensure a seamless transition.
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A 35-year retail veteran, Foran joined the company in October 2011 and became President and CEO of Walmart China in March 2012. He was promoted to President and CEO of Walmart Asia earlier this year.
The company will announce Foran’s successor as President and CEO of Walmart Asia at a later date.