Woolworths’ former head of supermarkets, Greg Foran, who quit in 2011 after missing out on the top job, has been appointed president and chief executive of WalMart’s US operations.
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Mr Foran will succeed Bill Simons, who is stepping down in the wake of poor same-store sales results and supply problems at the world’s largest retailer.
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Mr Foran, father of NRL star Kieran Foran, was expected to take the helm of Woolworths when Michael Luscombe retired in 2011, but was overlooked in favour of Grant O’Brien.
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Manly Sea Eagles star Kieran Foran. Photo: Getty Images
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He left several months later to join WalMart as head of its China operations and had been running WalMart’s entire Asian operations since June.
nReuters reported Foran will earn a pay packet of US$950,000 ($1.01 million) and is in line for stock options worth up to US$4.9m next year.
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Mr O’Brien congratulated Mr Foran on his appointment.
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“Greg is one of the many world-class retailers to have worked with Woolworths over the years,” Mr O’Brien said. Sydney Morning Herald – Read more…
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