Walmart Names New President and CEO of US Division

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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Stocks fall on 1st day of government shutdown

Matteo Colombo/Getty Images (NEW YORK) — Stocks dropped in early trading on Wednesday, just hours after a government shutdown began, shuttering some government services and complicating a delicate moment for the nation’s economy. The Dow Jones Industrial