Michael Duke, Vice Chairman of Wal-Mart Stores, announced that Ed Y. Chan will succeed Joe Hatfield as head of the company's China retail business.
Chan, who will be President and CEO of Wal-Mart China, comes to the company from the Dairy Farm Group where he was most recently Regional Director of North Asia. He will join Wal-Mart next month and take over leadership of the China retail operations in February.
"Ed brings extensive retail experience that will help us expand our growth momentum in this important market," said Duke. "We are pleased he will be leading our China business."
Wal-Mart operates Wal-Mart discount stores, Supercenters, Neighborhood Markets and SAM'S CLUB locations in the United States. The company has operations in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Germany, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, and the United Kingdom.