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Wal-Mart China's boss resigns amid pork scandal Print

US retail giant Wal-Mart Stores Inc announced Monday that Wal-Mart China's President and Chief Executive Officer Ed Chan resigned, after its recent store closures andfood scandals. The company said that Chan's resignation was not connected tothe store closures and pork-labelling probe but was for personal reasons.

The company also announced the resignation of Clara Wong, senior vice-president, Wal-Mart China's human resources department.

In China, Wal-Mart has closed some stores, and it is under investigation regarding accusationsthat it labeled ordinary pork as organic in the southwest city of Chongqing. In the same region,Wal-Mart was also accused of false advertising and selling of expired or uninspected food.

The world's largest chain retailer by sales and revenue enteredChina in 1996, and Chan took over as Wal-Mart China's presidentand chief executive officer in 2007, when the retailer had morethan 70 stores and 30,000 employees in China.

"Since 2007, Wal-Mart China has been maintaining double-digitgrowth, and now, four years later, we have more than 300 storesand 95,000 employees in the country," Chan said earlier in the same interview.

http://www.chinadaily.com.cn/cndy/2011-10/18/content_13920888.htm
 
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