Wal-Mart China Announces New Management Changes

The world's leading retail giant Wal-Mart confirmed to Chinese local media that Wal-Mart China has new management changes.

Liang Guiji, senior vice president for Wal-Mart's business development in China, has resigned. Wal-Mart said it is due to personal reasons.

Meanwhile, Wal-Mart announced two new appointments for its Chinese team. Adrian Blake from Australia was appointed new senior vice president for Wal-Mart's business development in China; while Rob Bray was appointed senior vice president of real estate in China. They will work with the Chinese team to apply best practice to enhance the development of the Chinese market while cultivating and training local talents.

According to Wal-Mart, Blake and Bray will officially assume office after getting Chinese visas and work permits.

Wal-Mart's latest report for the second financial quarter of 2013 showed that the company's net profit increased by 1.3% year-on-year from USD4.02 billion to USD4.07 billion.