Eduardo Castro-Wright to become Wal-Marts president and CEO of and Global Sourcing

Eduardo Castro-Wright to become Wal-Mart's president and CEO of and Global Sourcing

Eduardo Castro-Wright, the head of Wal-Mart Stores' US unit, is to take over responsibility for the retail giant's global sourcing operations in a move that will allow him to relocate to California for family reasons.

The discount retailer said yesterday (29 June) that it has promoted Bill Simon to replace Castro-Wright as president and CEO of Walmart US.

In his new post as president and CEO of and Global Sourcing, Castro-Wright will be tasked with building the global e-commerce and multi-channel business and leveraging the retailer's global sourcing to deliver customer value.

"Appointing him to this role demonstrates our commitment and the importance we assign to these areas and to building the next generation Walmart," said Walmart president and CEO Mike Duke.

The relocation to the West Coast where he will be based at the company's office in California will allow Castro-Wright "to be with his family during his wife's illness."

Simon was most recently chief operating officer, responsible for running more than 3,700 stores. He said: "My goal is to partner closely with our suppliers and build on the successes of our strategy over the last several years."

Both Castro-Wright, who will also continue to serve as vice chairman, and Simon will report directly to Mike Duke.