BOSTON — Vicente Trius, a rising star who recently headed Wal-Mart Brazil, will take on the new role of chief executive of Wal-Mart Asia, reporting to Wal-Mart vice-chairman Michael Duke.
Trius will be responsible for Wal-Mart China, a fast-growing enterprise that’s performing ahead of expectations, and Seiyu, the Bentonville, Ark. retailer’s troubled Japanese division, which has failed to turn a profit since 2000.
Hector Nunez, chief operating officer of Wal-Mart Brazil succeeds Trius as CEO of Wal-Mart Brazil.
The company’s partnership with Bharti Enterprises in India also falls under Trius’ purview, and will be one of Wal-Mart’s major growth opportunities in the next decade. No joint Bharti-Wal-Mart stores have opened yet. The deal is reportedly structured with Wal-Mart providing logistics and distribution expertise to a series of wholesale club franchises Bharti wants to open to service India’s mom-and-pop businesses.
Trius will manage 394 stores in Japan and more than 200 stores in China, including 102 held through a minority stake in Chinese retailer Trust Mart. December sales for Wal-Mart International rose 18.2 percent, to $12 billion.