Wal-Mart Brazil President and CEO Vicente Trius Promoted to Executive Vice President, President and CEO of Wal-Mart Asia, International
BENTONVILLE, AR (January 14, 2008) -- Wal-Mart Stores, Inc., today announced the appointment of Vicente Trius as Executive Vice President, President and CEO of Wal-Mart Asia, International. In this role, Trius will lead Wal-Mart’s retail operations in Asia. Wal-Mart has a significant presence in the region with over 82,000 associates and retail units in Japan and China. The company also has a joint venture with Bharti Enterprises in India.
Trius joined Wal-Mart in 1996 as Vice President, Operations in the International Division. In 1997, he was promoted to President and Chief Executive Officer, Wal-Mart Brazil. Prior to joining Wal-Mart, Trius worked for Dairy Farm International and Revco Drugstores.
Succeeding Trius will be Héctor Núñez who will assume the position of President and CEO of Wal-Mart Brazil effective February 1, 2008. Núñez joined Wal-Mart Brazil as Executive Vice President and Chief Operating Officer in July 2006. Prior to his career with Wal-Mart, Núñez held a range of key positions with Coca-Cola, Del Valle, and Hertz.
“Asia is one of the most dynamic retail markets in the world, and we are pleased to have a global leader of Vicente Trius’ caliber taking on this important part of our business,” said Michael Duke, Vice Chairman, Wal-Mart Stores, Inc. “Having Vicente based in the region will bring focus to our Asia business and help us continue the rapid growth of our retail operation.”
“Wal-Mart already has a very successful business in Asia,” said Vicente Trius. “I am looking forward to building upon this success and bringing our value proposition of saving people money so they can live better to even more families in Asia.”
Trius has received numerous awards and honors including ‘Executive of Value’ from the Brazilian Retail Sector in 2006 and 2007 as well as the Sam M. Walton Entrepreneur of the Year Award, the highest honor awarded to a Wal-Mart associate worldwide. His education includes an Executive MBA at Darden School of Business and studies at the Harvard Business School of Executive Education, Ashridge College in the U.K., and the University of Barcelona.
Wal-Mart has been operating stores in China since 1996 and currently has 101 units in addition to a minority shareholding in the 102 unit Trust-Mart chain. In Japan, the company operates Seiyu which has 394 units.
About Wal-Mart Stores, Inc. (NYSE: WMT)
Wal-Mart Stores, Inc. operates Wal-Mart discount stores, Supercenters, Neighborhood Markets and Sam’s Club locations in the United States. The Company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom. The Company’s securities are listed on the New York Stock Exchange under the symbol WMT. More information about Wal-Mart can be found by visiting www.walmartfacts.com. Online merchandise sales are available at www.walmart.com.