date:Apr 28, 2014
U.S. retailer Wal-Mart Stores Inc (WMT.N) has appointed a new chief executive for the China region, where the world's largest retailer is battling stiff competition from local rivals.
Sean Clarke, a Wal-Mart veteran and current chief operating officer in China, will take over the China CEO role from June 1, a statement from the firm said on Friday. The current China chief executive, Greg Foran, will become Asia CEO.
China is key to Wal-Mart's international ambitions but it has stumbled in a ma