David Wild was named president and managing director of Wal-Mart Germany. He succeeds Dr. Kay Hafner, who resigned after 4 years with the company to pursue other business interests.
John Menzer, President and CEO of Wal-Mart International, characterized Wild as an experienced European retail executive.
"Kay helped us reach a major milestone in Germany last year, which was achieving a positive operating return on investment and positive operating cash flow in one of the world’s most competitive major markets," Menzer said. "We greatly appreciate his service to the company. We’re looking forward now, under David’s leadership, to further improvement in our financial performance and our appeal to German customers."
Wal-Mart International is part of global retail giant Wal-Mart Stores, Inc., (Bentonville, Arkansas, U.S.). Wild joined Wal-Mart International in 2004 and soon after moved to Germany as chief merchandising officer. He spent his 18 years prior to Wal-Mart in a variety of executive roles with a major global retailer based in the United Kingdom. His responsibilities included 6 years as the company’s chief executive for Central Europe.
"Our improvement in Germany has been steady, and we are committed to continuing and accelerating that improvement," Menzer said. He noted that many of the company’s 88 stores in Germany had been remodeled and modernized and that surveys had shown higher levels of customer satisfaction.
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