Walmart Hires CEO for Asian Unit

Walmart Stores Inc. (Bentonville, Ark.) has hired Scott Price as executive vp, president and ceo of Walmart Asia. In that role, Price will be responsible for the company’s current operations in Asia, including China, India and Japan, as well as business development in the Asia region. He will be based at Walmart’s regional office in Hong Kong and assume his new role Oct. 15.

Price was most recently ceo of DHL Express Europe; prior to that, he was ceo of DHL Express Asia Pacific. He also was president of DHL Express Japan, the company’s largest market in the Asia Pacific region. Before that, Price spent a decade with the Coca-Cola Co. in a variety of roles, including country leader in Japan and director/country manager in China.

“Scott brings tremendous global and regional experience and expertise to this position. He is the ideal candidate to lead this highly competitive region,” said Doug McMillon, president and ceo, Walmart Intl. “In his roles with Coca-Cola and DHL, he has established a history of delivering results in the Asian markets. He knows the countries, he knows the customers, he knows how to run a business and he knows the region’s potential. We are eager to leverage his insight and capabilities to further our efforts in this region.”

Walmart currently has 630 stores in China, India and Japan.