Wal-Mart Stores is turning to the transportation industry for leadership in its fast-growing Asia business, naming DHL Express senior executive Scott Price as president and CEO of Walmart Asia.
Price has been CEO of DHL Express in Europe since July 2007 and before that was CEO for DHL Express Asia-Pacific and president of DHL Japan.
"I am excited to join Walmart and build on its strategy to save people money so they can live better around the world,” Price said in a statement released by Walmart. “I know the Asian business is growing at a fast pace, and I'm looking forward to being part of a company that is making such a positive difference in this global economy."
Although Price has led DHL Express business in Europe for two years, most of his career has been spent in Asia. Before joining DHL in 2002, he held key management positions with Coca-Cola in Japan and China.
"Scott brings tremendous global and regional experience and expertise to this position. He is the ideal candidate to lead this highly competitive region," said C. Douglas McMillon, Walmart president and CEO.
"In his roles with Coca Cola and DHL, he has established a history of delivering results in the Asian markets. He knows the countries, he knows the customers, he knows how to run a business and he knows the region's potential,” McMillon said.