Wal-Mart to name China head as Asda CEO: Report

Wal-Mart Stores Inc. is preparing to name its China head, Sean Clarke, as the chief executive officer of the U.K. supermarket chain Asda, Sky News reported.

Wal-Mart may make an announcement as soon as this week, although the timing of the change is unclear, according to the broadcaster, which cited unidentified people.

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