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Wal-Mart Stores, Inc. has appointed Scott Price EVP, president and CEO, Walmart Asia. Effective Oct. 15, Price 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, in addition to business development in the Asia region. A native of the United States, he will be based Walmart’s regional office in Hong Kong.
Price’s most recent position was CEO of DHL Express Europe. Before that, he was CEO, 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 which time he held such positions as country leader in Japan and 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,” said McMillon. “He is the ideal candidate to lead this highly competitive region. 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.”
Bentonville, Ark.-based Walmart has a significant presence in Asia, with over 100,000 associates and about 630 stores in China, India and Japan.