Walmart's Foran heads to China

HONG KONG — Walmart's Greg Foran will be packing his bags and heading to China. The SVP for Walmart International has been named CEO of Walmart China, effective March 1, andwill relocate to China, pending work visa approval.

Foran joined Walmart in October 2011 following a long career with Woolworths' where he worked his way up from stocking shelves to heading the company's supermarket division. Other roles he had at Woolworths includedgeneral manager of Big W, the company’s discount department store division, and Dick Smith, which specializes in consumer electronics.

Foran studied at the New Zealand Institute of Management and then completed his executive management and advanced management studies at the University of Virginia and Harvard University respectively.

As Ceo of Walmart China, Foran will oversee 100,000 associates and over 370 store units.

“With his distinguished career in retail, Greg is uniquely qualified to lead our growing business in China,” said Scott Price, president and CEO of Walmart Asia and interim CEO for Walmart China. “I’m very pleased he is bringing his talents to help us continue Walmart’s expansion there and enhance our efforts to help Chinese customers save money so that they can live better.”