date:Apr 29, 2014
Wal-Mart Stores Inc. (WMT) named its top China executive to head its Asian operations amid store closures and sluggish sales in the region that have hampered the retailers attempts to counter slowing growth in the U.S.
Greg Foran, the chief executive officer of Wal-Marts Chinese operations since 2012, will take over as president and CEO of Asia from Scott Price, Wal-Mart, the worlds largest retailer, said today. Price, 53, will move to the companys headquarters in Bentonville, Arkansas, as an