Wal-Mart announced Tuesday changes at the Chief Executive level for two of its units. The retail giant appointed Vice Chairman Eduardo Castro-Wright as the president and CEO of Global.com and Global Sourcing, while also promoting Bill Simon to CEO of Wal-Mart U.S.
Castro-Wright, 55, spent three years as the CEO of Wal-Mart de Mexico before coming on the Wal-Mart U.S. executive team. He became vice chairman in late 2008, handling U.S. retail centers and procurement operations. He will hold this position till August 1, then transition to the new role.
“As we continue to become a truly global company and address the business challenges of a rapidly changing world, it is clear that Global.com and Global Sourcing are critical to our future growth and success,” said President and CEO Mike Duke. “We are fortunate to have someone as strategic and knowledgeable as Eduardo leading the teams to drive these initiatives forward at a faster pace.”
“Bill is a strong leader who has made a positive difference from his first day at Walmart,” added CEO Duke. “Bill transformed the customer experience at Walmart through faster service, a friendlier shopping environment and cleaner stores.”
The two men re-upped their contracts earlier this year, signing two-year non-compete deals with the company.
