Walmart has promoted Greg Foran to president and CEO of Walmart U.S. Foran succeeds Bill Simon, who has been in the role since June 2010 and will be transitioning out of the company.

Foran will assume his responsibilities on Aug. 9 and will report directly to Walmart President and CEO Doug McMillon. Simon will be available on a consulting basis for the next six months to ensure a seamless transition.

Greg Foran“Greg is one of the most talented retailers I’ve ever met. His depth of knowledge and global experience will bring a fresh perspective to our business,” said McMillon in a company press release. “His passion for fresh food, experience in general merchandise and commitment to e-commerce will help us serve our customers even more effectively for years to come.”

“During Bill’s eight years of service to Walmart, his passion for our mission, dedication to our associates and our customers, and innovative thinking pushed us forward,” said McMillon. “From the very beginning, his vision led us to lower the cost of health care through our $4 prescription offering. And, most recently, he put us on a path to future growth with small formats and efforts that integrate digital and physical retail.”

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