New Wal-Mart Exec Eyes Eastern Europe

By Staff -- Home Textiles Today, 4/21/2008 12:00:00 AM

Bentonville, Ark. —

Global retailer Wal-Mart Stores has announced the appointment of Stephan Fanderl as president of Wal-Mart Emerging Markets – East, a role in which he will lead exploration of retail opportunities in Russia and neighboring markets.

Fanderl was most recently with German retailer and travel company the Rewe Group, where in 2006 he was named head of hypermarkets and supermarkets for Rewe Germany.

"We are exceptionally pleased to have Stephan Fanderl join Wal-Mart Stores," said Mike Duke, vice chairman, Wal-Mart Stores. "He has outstanding managerial skills and has successfully developed Rewe's business in Germany and eight Eastern European countries."

Prior to Rewe, Fanderl worked at hypermarket retailer Metro Holding and at Kienbaum Consultants International.