American retail major, Walmart has renamed Scott Price as the President and Chief Executive Officer of Walmart Asia with immediate effect.
After six months, he was promoted to take up an international role. Price will continue to lead important functions in Walmart home office that span its entire international portfolio.
"Scott Price, who is currently Executive Vice President, Strategy and International Development, Walmart Stores Inc, will take on the additional responsibility as President and Chief Executive Officer - Walmart Asia, effective immediately," Walmart spokesperson told PTI.
The regional role in Asia is an addition to these responsibilities. He will operate out of Walmart's headquarter in Bentonville.
"This includes managing Real Estate, Information Technology, Private Brands and Business Development," the company said. In April, Walmart China head Greg Foran replaced Price as the new chief executive for Asia.