WalMart has recently hired a new Chief executive office. Greg Foran, current CEO of Wal-Mart China will take the responsibilities in place of Bill Simon. Bill Simon was the in charge of Wal-Mart US for the past four years but soon he will be saying good-bye to the company.
Company has issued a note which stated the cause of the removal of Simon from his designation. They have mentioned that Simon was talented enough to replace, Mike Duke, former CEO, whereas, they have found a man who is even more brilliant in his work than Simon. The company has revealed the fact that they were planning to send off Simon since several months therefore, they were not astonished when this decision was officially approved.
Nevertheless, when the company was officially declaring change in management of US WalMart, it has also appreciated the services of the former CEO, Simon. They believed that Simon has redirected company’s concentration towards daily low cost and everyday low prices. He introduced some healthier food and gave its department a victorious make over.
On the other hand, company put th blame on Simon for the not so performing stores in the United States which can directly affect the company. Whereas, in the most recent interview of Simon,he states that chances of WalMart getting back to it’s previous position is almost next to impossible. No doubt, it will be quite a challenging task for Greg Foran to increase the sales growth of U.S WalMart stores.