(Sep. 10) Bentonville, Ark.-based Wal-Mart Stores has named Scott Price as executive VP, president and CEO, Wal-Mart Asia, effective Oct. 15. Price will oversee approximately 630 retail units in China, India and Japan.

Previous to his appointment with Wal-Mart, price served as CEO for DHL Express Europe and Asia.

"Scott brings tremendous global and regional experience and expertise to this position. He is the ideal candidate to lead this highly competitive region," said Doug McMillon, president and CEO, Wal-Mart International. "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. We are eager to leverage his insight and capabilities to further our efforts in this region."