Top executives within Walmart’s international division have been assigned new responsibilities including a new role for the former head of Asian operations overseeing mergers and acquisitions.
Walmart named Scott Price to a new role with an incredibly long title of executive vice president, international strategy and development, real estate, mergers and acquisitions, integration and purchase leverage. Price, who joined Walmart in 2009, previously served as president and CEO of Walmart Asia, overseeing the retailer’s operations in China, Japan and India. He will be based in Walmart’s Bentonville headquarters.
To fill Price’s former Walmart Asia CEO position, Greg Foran was elevated from his position as president and CEO of Walmart China. Foran has been with Walmart since 2011. Taking Foran’s old job will be Walmart China COO Sean Clarke who was elevated to the role of president and CEO of Walmart China. Clarke has been with Walmart for 15 year and held a variety of senior leadership roles in the international division. 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. "While these moves highlight the internal talent we have at Walmart, they also show how we are able to build global talent to meet the needs of the company wherever we operate."
Cheesewright is relatively new to his role as well, having been promoted to lead Walmart International earlier this year when former Walmart International president and CEO Doug McMillon was named president and CEO of Wal-Mart Strores, Inc. Cheesewright had previously served as president and CEO of Walmart’s Europe, Middle East and Africa and Canada region.