Fanderl to Lead Wal-Mart’s Emerging Markets for Russia, Neighbors

Wal-Mart Stores today announced the appointment of Stephan Fanderl as president of Wal-Mart Emerging Markets — East. In this role, he will lead the company’s efforts to explore retail business opportunities in Russia and neighboring markets.

BENTONVILLE, Ark. — Wal-Mart Stores today announced the appointment of Stephan Fanderl as president of Wal-Mart Emerging Markets — East. In this role, he will lead the company’s efforts to explore retail business opportunities in Russia and neighboring markets. Fanderl comes to Wal-Mart from the Rewe Group, a prominent German retailer and travel company. In 2006 he was appointed a board member and head of hypermarkets and supermarkets for Rewe Germany, with gross revenues of 13 billion euros. “We are exceptionally pleased to have Stephan Fanderl join Wal-Mart Stores,” said Mike Duke, vice chairman. “He has outstanding managerial skills and has successfully developed Rewe’s business in Germany and eight Eastern European countries.” Prior to Rewe, Fanderl held roles at Metro Holding AG in Germany and Poland, and Germany-based Kienbaum Consultants International GmbH.

Read More of Today's Headlines [2]