Walmart US CEO Retiring
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REUTERS/Lucy Nicholson
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Simon will be succeeded by Gregory Foran, who is currently president and CEO of a regional management team responsible for Walmart's retail operations in Asia. From May 2012 to May 2014, Foran was president and CEO of Walmart China.
In pre-market trading, shares of Walmart were down 0.6%.
Walmart is scheduled to report Q2 earnings on August 14.
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