Source: Rita Jane Gabbett, MEATINGPLACE, 10/17/11

Walmart announced Monday that effective immediately, Scott Price, president and CEO of Walmart Asia, will also serve as interim leader for Walmart China, replacing Ed Chan, president and CEO of Walmart China, who is leaving the company for personal reasons.

In addition, Senior Vice President, People for Walmart China Clara Wong has resigned.

Price will continue to serve both as the CEO of Walmart Asia and as the CEO of Walmart China until a new CEO is named for Walmart’s China operations.

The resignations come just a week after Walmart’s Wal-Mart Stores temporarily closed 13 stores in Chongqing, China for mislabeling pork as organic and faces fines of an estimated $575,000. 

Walmart entered the Chinese market and opened its first Supercenter and Sam’s Club in Shenzhen in 1996. Currently, Walmart operates a number of formats and banners in China including Supercenters, Sam’s Clubs, and Neighborhood Markets. As of Oct. 1, Walmart had 353 units in 130 cities.

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