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New leadership for Walmart U.S.

Asia prez to helm U.S. division

Walmart ForanGreg Foran
Bentonville, Ark. – Walmart U.S. president and ceo Bill Simon is exiting the company after eight years. He is being succeeded by Greg Foran, who had been promoted to president and ceo of Walmart Asia earlier this year.

Foran joined the company as a senior vp in October 2011 and became president and ceo of Walmart China in March 2012. Prior to Walmart, he held a number of roles with Woolworths in Australia and New Zealand. Earlier in his career, he served as general manager of Big W, Woolworth’s deep discount store with 150 outlets across Australia, and also served as general manager of Dick Smith Electronics.

Foran will assume his responsibilities Aug. 9 and will report directly to Walmart President and ceo, Doug McMillon. Simon will assist with the transition for six months.

“It’s been an honor to work for Walmart over the past eight years, and this felt like the right time to move on and focus on my next opportunity. I look forward to helping the company as much as I can over the next six months,”  said Simon, who was promoted to chief of the U.S. division four years ago.

Foran said: “I am excited to get started. The needs of our customers are changing dramatically and we have an enormous opportunity to serve them in new and different ways. We must be fierce advocates for our customers, work meticulously to exceed their expectations and earn their trust every day.”

The company will announce Foran’s successor as president and ceo of Walmart Asia at a later date.

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