Walmart(BENTONVILLE, Ark.) — Walmart named Greg Foran the next President and CEO of Walmart U.S. on Friday, succeeding outgoing leader Bill Simon.
Foran, 53, will report directly to Walmart’s President and CEO Doug McMillon, the release says. Simon will spend the next six months consulting with the company “to ensure a seamless transition.”
The new head of the company’s U.S. division had been in charge of all of Walmart’s Asia business since June, having just received a promotion from heading Walmart China.
Foran is expected to take his new responsibilities on Aug. 9.
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