Wal-Mart Stores has confirmed that the head of its business in Japan has left the retailer, the fourth senior executive to leave its Asian operations in a month.
Toru Noda became CEO of Wal-Mart Japan last January as the world’s largest retailer looked to revitalise its local chain Seiyu.
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However, a spokesperson for Wal-Mart said yesterday (20 June) that Noda had quit the role “for personal reasons”.
Steve Dacus, the COO of Wal-Mart’s Japanese unit, has been promoted to replace Noda. Wal-Mart did not disclose who would replace Dacus as COO.
Yesterday, Wal-Mart confirmed that a third executive had left its operations in China. Shawn Gray, the vice president of Wal-Mart’s hypermarkets in China, followed local CFO Roland Lawrence and COO Rob Cissell in leaving the company.
Wal-Mart has named replacements for Lawrence and Cissell but has yet to say who will succeed Gray.
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