Retail giant Wal-Mart has appointed a new head of its Asia division, naming Scott Price as the replacement of outgoing CEO Vicente Trius from 15 October.

Mr Price was formerly CEO of DHL Express Europe and DHL Express Asia Pacific, and spent 10 years working for Coca Cola.

Wal-Mart has reassigned Mr Trius as CEO of its Latin American arm.

Mr Price's hand will be on Wal-Marts current operations in India, China and Japan.