Wal-Mart’s Japan chief resigns unexpectedly

Tokyo -- A Monday report by the Financial Times said that Walmart’s chief executive in Japan has resigned suddenly, just over a year after he assumed the position. Toru Noda became CEO of Walmart Japan and Seiyu, its Japanese supermarket chain, in February 2010. He has cited personal reasons for the unexpected departure. Noda will be replaced by Steve Dacus, former COO of both Walmart Japan and Seiyu. Click here for the full story.