CEO of retail giant steps down - WDRB 41 Louisville News

CEO of retail giant steps down

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LOUISVILLE, Ky. (WDRB) -- Walmart, who again topped the Fortune 500 rankings as the largest company in the world, is getting a new leader.

CEO Bill Simon announced he's leaving the big box store. Simon, who's been the head of Walmart since June 2010, says it is the right time to move on.

Greg Foran, who currently serves as the President and CEO of Walmart Asia, will take over next month.

Walmart says Simon will stay on as a consultant for the next 6 months to help with the transition.

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