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• The Wall Street Journal this morning reports that Scott Price, CEO of Walmart's Asian division, is stepping down from that job to move to Bentonville and will lead the company's real estate, strategy and mergers and acquisitions efforts for Walmart's international unit.

According to the story, Price will be succeeded by Greg Foran, who joined Wal-Mart in 2011 from Woolworths Ltd. in Australia and currently serves as president of Wal-Mart China. Sean Clarke, Wal-Mart China's chief operating officer, will succeed Mr. Foran."

The Journal notes that "the executive shuffle in the Asia division comes after years of management turmoil in the region, choppy sales results, and tangles with compliance and government regulation."
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