Seeking to widen its global reach, Wal-Mart Stores Inc. on Monday named Stephan Fanderl as president of Wal-Mart Emerging Markets – East.
Wal-Mart said Fanderl will lead the company’s efforts to explore retail business opportunities in Russia and neighboring markets.
Fanderl was with the Rewe Group, a leading German retailer specializing in supermarkets, hypermarkets, home improvement centers and travel agencies. In 2006, he was appointed a board member and head of Rewe’s hypermarkets and supermarkets.
“We are exceptionally pleased to have Stephan Fanderl join Wal-Mart Stores,” Mike Duke, vice chairman, Wal-Mart Stores Inc., said. “He has outstanding managerial skills and has successfully developed Rewe’s business in Germany and eight Eastern European countries.”
Prior to Rewe, Fanderl worked at Metro Holding AG in Germany and Poland, and Kienbaum Consultants International GmbH.
According to Hoover’s research, Rewe is considered Germany’s second-largest food retailer, just behind Edeka, and one of the largest in Europe overall.
Rewe operates 11,300-plus stores in several European countries, but the concentration is in Germany.
Wal-Mart operates more than 3,000 stores in markets outside the U.S., including Mexico, Puerto Rico, Argentina, Brazil, China, the U.K., Japan, Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua.
For more, see Tuesday’s issue of WWD.