Wal-Mart Appoints Executive To Explore Retail Opportunities In Russia And Neighborhing Markets
Dr. Stephan Fanderl Appointed President of Wal-Mart Emerging Markets – East
BENTONVILLE, Ark., April 14, 2008 – Wal-Mart Stores, Inc. today announced the appointment of Dr. Stephan Fanderl as President of Wal-Mart Emerging Markets – East. In this role, Dr. Fanderl will lead the company’s efforts to explore retail business opportunities in Russia and neighboring markets.
Dr. Fanderl comes to Wal-Mart from the Rewe Group, a prominent German retailer and travel company. In 2006 he was appointed a Board Member and head of Hypermarkets and Supermarkets for Rewe Germany with gross revenues of 13 billion euros.
“We are exceptionally pleased to have Stephan Fanderl join Wal-Mart Stores,” said Mike Duke, Vice Chairman, Wal-Mart Stores, Inc. “He has outstanding managerial skills and has successfully developed Rewe’s business in Germany and eight Eastern European countries.”
Prior to Rewe, Dr. Fanderl held roles with Metro Holding AG in Germany and Poland, and Kienbaum Consultants International GmbH. He earned his PhD and MBA at the University of Cologne, and completed additional studies at Sophia University in Tokyo.
About Wal-Mart Stores, Inc. (NYSE: WMT)
Wal-Mart Stores, Inc. operates Wal-Mart discount stores, supercenters, Neighborhood Markets and Sam’s Club locations in the United States. The Company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom. The Company's securities are listed on the New York Stock Exchange under the symbol WMT. More information about Wal-Mart can be found by visiting www.walmartstores.com. Online merchandise sales are available at www.walmart.com and www.samsclub.com. ###
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