Simon Named Walmart U.S. President and CEO

       

       

BENTONVILLE, Ark.–Bill Simon has been promoted to president and chief executive officer of Walmart U.S.

Simon, formerly chief operating officer of Walmart U.S., is succeeding Eduardo Castro-Wright, who remains the retailer’s vice chairman and who is transitioning to a new role as president and CEO of Global.com, the global e-commerce unit Walmart launched in January.

Simon, who is taking on his new post immediately, reports directly to Mike Duke, president and CEO of Walmart Stores Inc. Castro-Wright, who will be transitioning to his new roles through Aug. 1, will hold onto his current responsibilities over Walmart’s global sourcing.

In a company statement, Duke said Simon’s promotion is a recognition of the “positive difference” he has made since becoming the U.S. chief operating officer in 2006. Duke also said Castro-Wright’s new duties indicate the “critical” role Global.com and global sourcing are to Walmart’s future growth. When he became vice chairman in November 2008, Castro-Wright was given responsibility over both Walmart U.S. and global sourcing.

In assuming his new responsibilities, Castro-Wright will relocate to California to be close to his family while his wife, Fabiola, recovers from a heart-transplant operation, according to a Walmart memo.

Posted in News, Retail.

Last updated: June 29, 2010