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Wal-Mart employs exec to look into Russian opportunities
Wal-Mart Stores has announced the appointment of Dr. Stephan Fanderl as President of Wal-Mart Emerging Markets - East. In this role, Dr. Fanderl will lead the company's efforts to explore retail business opportunities in Russia and neighboring markets.Dr. 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, Wal-Mart Stores, Inc. “He has outstanding managerial skills and has successfully developed Rewe’s business in Germany and eight Eastern European countries.”
Prior to Rewe, Dr. Fanderl held roles with Metro Holding AG in Germany and Poland, and Kienbaum Consultants International GmbH. He earned his PhD and MBA at the University of Cologne, and completed additional studies at Sophia University in Tokyo.
