Walmart’s Bill Simon, the chief executive officer of its U.S. branch, is stepping down after four years in the role. He will be replaced with president and CEO of Walmart Asia, Greg Foran, effective August 9.
According to the company, Simon will still be available as a consultant for the next six months to promote a smooth transition. Foran will report to Doug McMillon, president and CEO of Walmart Stores Inc.
“Greg is one of the most talented retailers I’ve ever met,” says McMillion. “His depth of knowledge and global experience will bring a fresh perspective to our business 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.”
