Walmart(NEW YORK) — Retail giant Walmart announced a new president and chief executive officer for U.S. operations Thursday, naming Greg Foran as the successor to Bill Simon.
Simon, who has held the role since June 2010, is expected to “transition” out of the company and assume consulting responsibilities for the next six months, according to a statement from Walmart.
Foran, 53, takes over on Aug. 9 and will report to Walmart President and CEO, Doug McMillon.
“Greg is one of the most talented retailers I’ve ever met. His depth of knowledge and global experience will bring a fresh perspective to our business,” McMillon said. “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.”
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