--- description: Walmart announced on Thursday that Bill Simon, the president of its operations in the U.S., will leave the company next month title: Walmart's Head of U.S. Operations Will Step Down After Slump in Sales image: https://static.time.com/v3/assets/bltea6093859af6183b/bltafc9f6a449f234c4/69869d31810bbb632ec92bf0/rtr3sesw.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [World](/section/world/) ## World Update your preferences in [Account Settings](/account/preferences/) Close * [Companies](/tag/companies/) ## Companies Update your preferences in [Account Settings](/account/preferences/) Close # Walmart's Head of U.S. Operations Will Step Down After Slump in Sales by [Nash Jenkins](/author/p-nash-jenkins/) ## Nash Jenkins Update your preferences in [Account Settings](/account/preferences/) Close Jul 25, 2014 7:02 AM CUT  A sign lists the current Walmart stock price at the Walmart Supercenter in Bentonville, Ark., on June 5, 2014 A sign lists the current Walmart stock price at the Walmart Supercenter in Bentonville, Ark., on June 5, 2014Rick Wilking — Reuters by [Nash Jenkins](/author/p-nash-jenkins/) ## Nash Jenkins Update your preferences in [Account Settings](/account/preferences/) Close Jul 25, 2014 7:02 AM CUT Walmart announced on Thursday that Bill Simon, the president of its operations in the U.S., will leave the company next month after four years of leadership marked most recently by a decline in sales. Greg Foran, the New Zealand–born executive who just last month assumed his role as head of Walmart Asia, will take over from Simon from Aug. 9. “Being asked to lead the Walmart U.S. business is a privilege that I don’t take lightly,” Foran said [in a company statement](http://news.walmart.com/news-archive/2014/07/24/walmart-names-greg-foran-president-and-ceo-of-walmart-us "undefined"). “I am excited to get started. The needs of our customers are changing dramatically, and we have an enormous opportunity to serve them in new and different ways.” Foran will assume office at a time of uncertainty for the corporation, with five quarters of falling sales in the rearview mirror despite [a recent surge](http://www.reuters.com/article/2014/06/24/us-usa-economy-idUSKBN0EZ1KX20140624 "undefined") in U.S. consumer confidence. A market analyst told Reuters that Walmart CEO Doug McMillon “wanted new blood” in the company to facilitate its efforts in online retail and general rebranding. Foran has been a rising star in Walmart: he left his position as Woolworths’ head of supermarkets in 2011 to take the reins of Walmart’s fledgling China project and was promoted to oversee the company’s expansion in Asia. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/3032229/walmarts-head-of-u-s-operations-will-step-down-after-slump-in-sales/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/3032229/walmarts-head-of-u-s-operations-will-step-down-after-slump-in-sales/"},"headline":"Walmart's Head of U.S. Operations Will Step Down After Slump in Sales","datePublished":"2014-07-25T07:02:02.000Z","dateModified":"2026-02-21T09:20:38.899Z","description":"His replacement has quickly ascended the ranks of the company's operations in Asia in recent years","url":"https://time.com/3032229/walmarts-head-of-u-s-operations-will-step-down-after-slump-in-sales/","keywords":["Companies","Economy","Retail","Business topic","Walmart"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/bltafc9f6a449f234c4/69869d31810bbb632ec92bf0/rtr3sesw.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Nash Jenkins","jobTitle":null,"url":"https://time.com/author/p-nash-jenkins/"}],"articleSection":"World","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/bltafc9f6a449f234c4/69869d31810bbb632ec92bf0/rtr3sesw.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"A sign lists the current Walmart stock price at a Walmart Supercenter in Bentonville","caption":"A sign lists the current Walmart stock price at a Walmart Supercenter in Bentonville","creditText":"Rick Wilking — Reuters","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/world/","name":"World"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/companies/","name":"Companies"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/3032229/walmarts-head-of-u-s-operations-will-step-down-after-slump-in-sales/","name":"Walmart's Head of U.S. Operations Will Step Down After Slump in Sales"}}]}] ```