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Walmart announces promotions in Asia

Hong Kong -- Wal-Mart announced a series of promotions in the company's Asia region, with Scott Price, currently president and ceo of Walmart Asia, moving to a senior management role as evp, international strategy and development, real estate, mergers and acquisitions, integration and purchase leverage, based at Walmart'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 chief operating officer, 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.

Price joined Walmart in 2009 in his current role, and previously, he served as ceo of DHL Express Europe and as ceo, DHL Express Asia Pacific. Prior to joining DHL, Price spent a decade with Coca-Cola. A 30-year retail veteran, Foran joined Walmart in October 2011, and was named president and ceo of Walmart China in 2012. Clarke's career with Walmart spans almost 15 years and includes extensive experience around the world.

Walmart's Asia region serves customers through more than 870 units.

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