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Wal-Mart's Castro-Wright To Retire In '12

9/27/2011 02:20:22 PM Eastern

Bentonville, Ark. - Eduardo Castro-Wright, 56, vice chairman/CEO of Wal-Mart Stores' global eCommerce and global sourcing businesses, will retire on July 1, 2012.

Wal-Mart's goal is to name new leadership for these businesses by the end of January, after which Castro-Wright will assist in the transition, the retailer said.

"Eduardo has made many Acontributions at Wal-Mart, beginning in Mexico and continuing until today," said Wal-Mart CEO Mike Duke in a statement. "He has been a strong advocate for our customers and in every assignment has brought passion and commitment to the job. He has also built talented teams wherever he has led."

Castro-Wright joined Wal-Mart in 2001 as president and COO of Wal-Mart Mexico and was promoted to president and CEO of that business in 2003. He also served as COO for a short period until being named president and CEO of Wal-Mart U.S. in 2005.

He was promoted to vice chairman in 2008 and assumed his current responsibilities in August of last year. Since that time, Castro-Wright has overseen global sourcing and the expansion of the company's global eCommerce technology, including its acquisitions into social and mobile commerce.

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