Wal-Mart Stores has named the new CFO and hypermarkets COO for its Chinese operations, which recently saw two senior executives depart.
Mario-José Medina, CFO of the US retailer’s unit in Chile, will take the top finance job at the company’s Chinese arm. He joined Wal-Mart in 2007 as CFO of its Puerto Rico subsidiary.
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Del Sloneker, who has spent 20 years at the world’s largest retailer between 1986 and 2006, returns to the company to become COO of hypermarkets at Wal-Mart Stores China.
Last week, Wal-Mart revealed that former CFO Roland Lawrence and COO Rob Cissell had left the company for “personal reasons to explore other opportunities”.
Wal-Mart China president and CEO Ed Chan said: “Wal-Mart attaches great importance to China where the retail industry is experiencing rapid growth. Our headquarters has provided excellent talent for our China management team. Mario-José Medina and Del Sloneker are great additions to an already strong Wal-Mart China team. Both executives bring with them years of experience and a solid understanding of the retail market in China.”
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