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Daily News

Wal-Mart Names New China President
Nov 6, 2006
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Ed Y. Chan will succeed Joe Hatfield as head of Wal-Mart's China retail business. Chan,who will be president and CEO of Wal-Mart China, comes to the company from the Dairy Farm Group, where he was most recently regional director of North Asia. He joined Wal-Mart in November and will take over leadership of the China retail operations in February.

“Ed brings extensive retail experience that will help us expand our growth momentum in this important market,” said Michael Duke, Vice Chairman of Wal-Mart Stores, Inc. “We are pleased he will be leading our China business.”

“We appreciate all that Joe has accomplished during the 12 years he has led our retail business in China. He has created a strong foundation for Wal-Mart China and will remain engaged in a senior advisory position,” added Duke.

Hatfield is a 32-year company veteran and opened Wal-Mart China’s first Supercenter in August 1996. Wal-Mart China now has 66 retail units in 34 cities.

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