He starts his new job on Aug. 9. His experience includes merchandising and marketing - skills Wal-Mart hopes can ease criticism that its stores run out of regular items. In a Consumer Reports survey in March, Wal-Mart received the lowest rating among supermarkets, with shoppers also complaining about confusing pricing and store layouts. "Greg Foran is well respected and brings with him a strong background in both grocery and general merchandise," said Sandra Skrovan from retail analytics firm Planet Retail. Foran will be paid an annual salary of around $950,000, Wal-Mart said in a filing. He is also in line for stock options of up to $4.9 million early next year. Simon will receive a severance package of about $4.5 million, payable through 2016. The deal with Simon prohibits him from working at a rival or poaching Wal-Mart's employees for two years.