Wal-Mart Stores announced that Vice Chairman Eduardo Castro-Wright,55,has been appointed President and CEO of Global.com and Global Sourcing,and Bill Simon,50,has been promoted to President and CEO of Walmart U.S. Castro-Wright,who will also continue to serve as vice chairman,and Simon will report directly to Walmart President and CEO Mike Duke. Simon will assume his new responsibilities immediately. Castro-Wright will be transitioning through August 1. As we continue to become a truly global company and address the business challenges of a rapidly changing world,it is clear that Global.com and Global Sourcing are critical to our future growth and success, Duke continued. Eduardo has made extraordinary contributions to Walmart U.S. over the past five years,and many contributions are still to come, said Duke. He is a visionary thinker who has strengthened our overall business and built a foundation that positions us well for the future. Eduardo has developed a strong team and led improvements in many of the ways we serve our customers. Bill is a strong leader who has made a positive difference from his first day at Walmart, added Duke. I am excited to take on this new role to help drive the next generation of value creation for Walmart and to be closer to my family, said Castro-Wright. I am committed to building the leading global e-commerce and multi-channel business and to truly leveraging our global sourcing to deliver value for our customer.
