Foran will take over on August 9, Simon will be available to consult Foran for the next six months.
Prior to Walmart, Foran worked with Woolworths, the leading retailer in Australia and New Zealand. He served as the managing director of supermarkets, liquor and petrol. Prior to that, Foran served as general manager of Big W, Woolworth’s industry leading discount store business and as general manager of Dick Smith Electronics.
The company will announce Foran’s successor as President and CEO of Walmart Asia at a later date.
For more on Bill Simon, click here.