Bentonville, Arkansas, U.S.-based Wal-Mart Stores, Inc. made management changes and realigned top-level responsibilities, effective immediately.
Wal-Mart Stores and Wal-Mart International
John Menzer, president and CEO of Wal-Mart International, and Mike Duke, president and CEO of Wal-Mart Stores, U.S.A., have been promoted to vice chairman positions. Menzer will take responsibility for major functions of the U.S. business, and Duke will take over leadership of Wal-Mart International, the company's fastest-growing division.
Eduardo Castro-Wright, executive vice president and chief operating officer of Wal-Mart Stores, U.S.A., was named president and CEO of Wal-Mart Stores, U.S.A., reporting to Menzer. Pat Curran, senior vice president and a divisional manager for Wal-Mart Stores, U.S.A., was promoted to executive vice president for store operations, reporting to Castro-Wright.
Lee Scott, Wal-Mart president and CEO, said the shift in responsibilities for Menzer and Duke would benefit both the U.S. and international businesses.
"John will continue to accelerate changes in the largest segment of our business," Scott said. "During the last six years, he transformed Wal-Mart International into a well-organized, fast-growing and profitable business. Prior to that, as Wal-Mart's corporate chief financial officer, John established a solid track record as a business strategist who delivers results."
Menzer will also head divisions responsible for real estate, logistics, information services, benefits, global procurement, financial services, store planning, and strategic planning.
Scott said Duke's experience heading Wal-Mart's largest operating unit in the U.S., coupled with his previous experience as head of the company's logistics operations, makes him uniquely qualified to run Wal-Mart's international business.
"Mike has brought to the U.S. operations exactly what was needed during the last couple of years," said Scott. "Mike has the ability and the management confidence to delegate responsibility to the best people in his organization, and develop and promote them. This new assignment will give us the opportunity to apply those skills to our overseas operations."
As president of Wal-Mart Stores, U.S.A., Castro-Wright will be responsible for operations, merchandising, marketing, specialty divisions and new business development in the company's U.S. Wal-Mart Stores, Supercenters, and Neighborhood Markets.
"These changes represent an opportunity to boost our performance and help us become a more diverse and global enterprise," said Rob Walton, chairman of Wal-Mart's board of directors. "John and Mike's new responsibilities take full advantage of the skills they bring to our company. Elevating them to vice chairmen will position them to contribute more broadly to the company." In addition, Walton said, "Eduardo, with Pat's assistance, will bring new perspectives and fresh ideas to our business in the U.S. and help us accelerate the changes we need to make."
Greg Spragg, executive vice president for Sam's Club operations, was named executive vice president for the Sam's Club merchandising and replenishment division, reporting to Doug McMillon, president and CEO for Sam's Club.
Greg Johnston, regional vice president for Sam's Club, was promoted to executive vice president for Sam's Club operations, reporting to McMillon.
"These changes, along with yesterday's announcement of Mark Goodman as executive vice president of marketing and membership at Sam's Club, position us well to grow the business," said Scott.
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