US supermarket group Wal-Mart Stores has signalled its intent to explore business opportunities in Russia and neighbouring markets by appointing Dr Stephan Fanderl as its president of Wal-Mart Emerging Markets - East.

Fanderl joins Wal-Mart from the Rewe Group, a German retailer and travel company, where he was a board member and head of hypermarkets and supermarkets.

"We are exceptionally pleased to have Stephan Fanderl join Wal-Mart Stores," said Mike Duke, vice chairman, Wal-Mart Stores.

"He has outstanding managerial skills and has successfully developed Rewe's business in Germany and eight Eastern European countries."

Prior to Rewe, Fanderl also held roles with Metro Holding AG in Germany and Poland, and Kienbaum Consultants International.