皇冠体育app

Companies

Wal-Mart 皇冠体育app exec Shawn Gray resigns

(Agencies)
Updated: 2011-06-20 13:26
Large Medium Small

Wal-Mart Stores Inc (WMT) said its vice president of operations in 皇冠体育app left the company, becoming at least the third executive from that nation to depart in the past month.

Shawn Gray left for "personal reasons," Wal-Mart said in an e-mail today. The Bentonville, Arkansas-based company, the world's biggest retailer, didn't say if a replacement had been named.

Related readings:
Wal-Mart 皇冠体育app exec Shawn Gray resigns Wal-Mart aims at Dandong for procurement
Wal-Mart 皇冠体育app exec Shawn Gray resigns Wal-Mart names executives for 皇冠体育app top jobs
Wal-Mart 皇冠体育app exec Shawn Gray resigns Wal-Mart 皇冠体育app execs resign
Wal-Mart 皇冠体育app exec Shawn Gray resignsWal-Mart to invest in 皇冠体育app's Yihaodian.com 

Roland Lawrence, Wal-Mart's chief financial officer in 皇冠体育app, and Rob Cissell, chief operating officer there, left the company in May to "seek new development opportunities." The retailer has sought to boost investment in 皇冠体育app, the world's second-largest economy, and last month agreed to buy an undisclosed stake in online shopping operator Yihaodian.

Wal-Mart fell 1 cent to $52.82 at 4:01 pm in New York Stock Exchange composite trading. The shares have dropped 2.1 percent this year.

Operations in 皇冠体育app, where Wal-Mart had 333 outlets at the end of April, generated $7.5 billion in revenue, or 1.8 percent of the company's $420 billion in total sales last year, Scott Price, chief executive officer for Asia, said in March. Sales in 皇冠体育app rose 12 percent in the first quarter of this year, the company said May 17.