Wal-Mart U.S. chief Bill Simon stepping down

BENTONVILLE (AP) - There's a change coming to Wal-Mart's management team.{}

Wal-Mart Stores U.S. chief Bill Simon is leaving the company effective August 9th.{}

Greg Foran, CEO of Wal-Mart Asia will replace Simon.

Simon has lead the Wal-Mart U.S.divisionn since 2010,{} Foran will report to CEO Doug McMillon, who took over in February.{}