Wal-Mart China reportedly names new CFO and COO

    Wal-Mart China reportedly names new CFO and COO

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    Retail giant Inc.’s China division has named replacements for two of its senior executives in the country who resigned earlier this month, reports said on Sunday.

    Walmart to invest US$ 50 million in Chinese online grocery and delivery firm New Dada
    The investment is an extension of Walmart’s broader agreement with JD.com and cooperation with New Dada

    The retailer reportedly appointed Mario-Jose Medina as senior vice president and chief financial officer and as chief operating officer in China.

    Medina most recently served as chief executive officer of Walmart Chile. Sloneker previously served as senior vice president in several functions at the company.

    Reports also said that the new appointments followed the unexpected resignations of Roland Lawrence as Walmart China’s chief financial officer and as chief operating officer.

    Source : RTT News