Wal-Mart changes Asia management structure

Hong Kong -- Wal-Mart Stores Inc. is changing the management structure of its Asia operation with a series of promotions. Scott Price, currently president and CEO of Walmart Asia, will move to a senior management role as executive VP, international strategy and development, real estate, mergers and acquisitions, integration and purchase leverage, based at Wal-Mart's world headquarters in Bentonville, Arkansas.

Greg Foran, currently president and CEO of Walmart China, has been named president and CEO, Walmart Asia, and will be based in the company's Asia regional office in Hong Kong. Sean Clarke, Walmart China's current COO, has been named president and CEO of Walmart China. The changes are effective June 1.

"These promotions allow us to tap into the extraordinary talent we have in our company, leverage their unique strengths to benefit the entire organization, and ensure continuity of leadership in China and the region," said David Cheesewright, president and CEO of Walmart International. "While these moves highlight the internal talent we have at Walmart, they also show how we are able to build global talent to meet the needs of the company wherever we operate."

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