Wal-Mart Stores Inc. (NYSE:WMT) has appointed a new CEO for its China business.

Wal-Mart Stores Inc. (NYSE:WMT) has announced that it has appointed Greg Foran, its senior vice president for global business, as new president and chief executive officer for China.

Scott Price, president and CEO for Wal-Mart Asia and interim president and CEO for Wal-Mart Stores Inc. (NYSE:WMT) China, said that, “Foran has outstanding achievements in the retail industry. He is a qualified leader who can lead the company’s business development in China”.

Wal-Mart Stores Inc. (NYSE:WMT) has shopping plazas, Sam’s Clubs and community stores in China.

Wal-Mart Stores Inc. (NYSE:WMT) stocks were at 62.22 at the end of the last day’s trading. There’s been a 4.9% change in the stock price over the past 3 months.

Wal-Mart Stores Inc. (NYSE:WMT) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.96
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2
Zack’s Rank: 13 out of 18 in the industry