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. Last Updated: 07/27/2016

Local Wal-Mart Chief Quits Before Company Enters Market

Wal-Mart’s head in Russia, Stephan Fanderl, quit the company, the world’s biggest retailer said Tuesday.

Wal-Mart is still considering options on how it will enter the Russian market, said Konstantin Dubinin, a spokesman for the company.

Kommersant cited people close to Fanderl as saying he quit because Wal-Mart failed to expand into Russia during the 18 months that he worked for the company.

(Bloomberg)