Following four consecutive quarters of declines in domestic same-store sales, Wal-Mart Stores Inc. Tuesday replaced the head of its U.S. operation, Eduardo Castro-Wright, with the unit’s chief operating officer, Bill Simon.
Simon will assume Castro-Wright’s role as president and chief executive officer of Wal-Mart U.S. Castro-Wright will remain vice chairman of the corporation and take on the previously vacant role of president and ceo of Global.com and Global Sourcing, working out of Global.com’s California offices. Global.com was formed in January and had reported to Castro-Wright.
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