Retail giant Wal-Mart Stores has reportedly assigned Scott Price as its next CEO and president of Asia, after the brief stint served by Greg Foran who recently took the helm of the retailer’s U.S. business at the urging of Wal-Mart Stores CEO Doug McMillon.
Price moved to Bentonville in June to oversee international strategy after managing the business in China for nine years. Now he will also resume management of the retailer’s Asia business and do it from his Bentonville office. This add to his international strategist role.
McMillon said recently that he managed Walmart International from his home base in Bentonville and there are benefits to that come with such a close connection to retailers’s hub.
David Cheesewright, CEO of Walmart International, also offices out of Bentonville, while he still maintains a home abroad.
The centralized management strategy being used by Wal-Mart is not a surprise to analysts who say it can foster more collaboration opportunities among the top leaders.