Walmart Stores Inc announced Friday that it is promoting its Asia head Scott Price to an international role to be based in Bentonville headquarters and Walmart China head Greg Foran will replace Price as the new chief executive for Asia. Price is named as executive vice president for international strategy and will handle a wide range of global operations including development, real estate and mergers and acquisition. Walmart also promoted China COO Sean Clarke as the new chief executive officer of China replacing Foran.

Read the Economic Times news report here.