Executive will lead 630 retail units; more than 100,000 associates
BENTONVILLE, Ark., Sept. 10, 2009 – Walmart, today announced that Scott Price has been named executive vice president, president and CEO, Walmart Asia. In this role, he will report directly to Doug McMillon, president and CEO, Walmart International, and have responsibility for the company’s current operations in Asia, including China, India and Japan as well as business development in the Asia region. Based in Walmart’s regional office in Hong Kong, Price will assume his role Oct. 15.
Price most recently served as CEO of DHL Express Europe. Prior to that, he was Chief Executive Officer, DHL Express Asia Pacific. He also was the president of DHL Express Japan, DHL's largest market in the Asia Pacific region. Prior to joining DHL, Price spent a decade with the Coca-Cola Co. During that period, he assumed various roles which included country leader in Japan, and as Director and Country Manager in China, which included Hong Kong, Macau and Mongolia.
“Scott brings tremendous global and regional experience and expertise to this position. He is the ideal candidate to lead this highly competitive region,” McMillon said. “In his roles with Coca Cola and DHL, he has established a history of delivering results in the Asian markets. He knows the countries, he knows the customers, he knows how to run a business and he knows the region’s potential. We are eager to leverage his insight and capabilities to further our efforts in this region.”
According to Price, “I am excited to join Walmart and build on its strategy to save people money so they can live better around the world. I know the Asian business is growing at a fast pace, and I’m looking forward to being part of a company that is making such a positive difference in this global economy.”
Walmart has a significant presence in Asia with more than 100,000 associates and approximately 630 units in China, India and Japan.
A U.S. native, Price earned a Bachelor of Arts in business administration from the University of North Carolina. He also holds an MBA and a Master of Arts in Asian studies from the University of Virginia.
Wal-Mart Stores, Inc. (NYSE: WMT) serves customers and members more than 200 million times per week at more than 8,000 retail units under 53 different banners in 15 countries. With fiscal year 2009 sales of $401 billion, Walmart employs more than 2.1 million associates worldwide. A leader in sustainability, corporate philanthropy and employment opportunity, Walmart ranked first among retailers in Fortune Magazine’s 2009 Most Admired Companies survey. Online merchandise sales are available at www.walmart.com and www.samsclub.com.
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Ed. Note: Walmart is the legal trade name of the corporation. The name "Walmart," expressed as one word and without punctuation, is a trademark of the company and is used analogously to describe the company and its stores. Use the trade name when it is necessary to identify the legal entity, such as when reporting financial results, litigation or corporate governance.