Wal-Mart names former Woolworths' executive to lead China

02/6/2012 | Wall Street Journal, The

Wal-Mart has named former Woolworths' executive Greg Foran as its new president and CEO for Wal-Mart China, replacing Ed Chan, who resigned last fall. The retailer has faced several challenges in China in recent months, including slowing sales and a crackdown by officials in Chongqing who temporarily closed 13 stores for allegedly selling mislabled pork.

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