Greg Foran is new president & CEO of Walmart US

Walmart has promoted Greg Foran, 53, to president and CEO of Walmart US. Foran succeeds Bill Simon who will be transitioning out of the company.

Foran is assuming his responsibilities on August 9 and will report directly to Walmart president and CEO, Doug McMillon.

Foran’s depth of knowledge and global experience will bring a fresh perspective to Walmart’s business, said McMillon. “His passion for fresh food, experience in general merchandise and commitment to e-commerce will help us serve our customers even more effectively for years to come.”

A 35-year retail veteran, Foran joined the company in October 2011 and became president and CEO of Walmart China in March 2012. While leading the business in China, the team made significant progress with its assortment, pricing, store operations and compliance as Foran led strategic investments in the supply chain and improved the store portfolio. He was promoted to president and CEO of Walmart Asia earlier this year.

Prior to Walmart, Foran held a number of roles with Woolworths, the leading retailer in Australia and New Zealand. He served as the managing director of supermarkets, liquor and petrol with responsibility for more than US$40 billion in sales at that time. Under Foran’s leadership, the business grew sales and market share in a strong competitive market. Earlier in his career, Foran served as general manager of Big W, Woolworth’s industry leading discount store business and as general manager of Dick Smith Electronics.

Walmart has yet to announce Foran’s successor as president and CEO of Walmart Asia.