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Wal-Mart names new CEO and president for Chinese operations

By Qiu Quanlin (China Daily)

13:57, February 08, 2012

The entrance of a Wal-Mart China Supercenter in Chongqing. At present, the retailer had more than 370 stores in 140 cities on the Chinese mainland.(China Daily Photo)

Appointment follows resignations after mislabeling scandal last year

GUANGZHOU - The international retail giant Wal-Mart Stores Inc announced that Greg Foran has been named president and CEO of Wal-Mart China.

The appointment comes in the wake of allegations that a number of the company's stores had sold mislabeled food in the Chinese mainland last year.

Foran is currently senior vice-president of Wal-Mart International and will start his new role in March, the company said in a statement on Tuesday.

Prior to joining Wal-Mart in October, Foran built his career in New Zealand and Australia, beginning as a part-time shelf stocker and moving on to become the head of the food and liquor business at the Sydney-based Woolworths Ltd, Australia's largest retailer.

"With his distinguished career in retail, Greg is uniquely qualified to lead our growing business in China," said Scott Price, president and CEO of Wal-Mart Asia and interim CEO of Wal-Mart China.

Price became Wal-Mart's interim China head in October, following the departure of former Chief Executive Ed Chan and Clara Wong, senior China vice-president of human resources.

Wal-Mart sources said that the two had resigned for personal reasons and that the resignations "had no correlation" with an investigation in Chongqing concerning allegations that more than a dozen of its stores in the city mislabeled regular pork as organic pork last year.

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