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Simon Out At Walmart

Wal-Mart, whose sales have been sluggish, said Thursday that its U.S. CEO, Bill Simon, is stepping down and is being replaced by the head of the company's Asia operations. Simon had been in the role since June 2010, and was in line to be the global CEO. Doug McMillon was tapped for that job. Simon will be replaced by Gregory Foran and start a six-month consulting contract.

Read the whole story at USA Today »

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