Walmart says two top U.S. executives to leave – memo By Reuters


© Reuters. FILE PHOTO: A Walmart sign is seen inside its department store in West Haven, Connecticut, U.S., February 17, 2021. REUTERS/Mike Segar/File Photo

(Reuters) – Walmart (NYSE:) Inc said on Friday Chief Merchandising Officer of its U.S. unit, Scott McCall, will retire and handover the reigns to grocery chief Charles Redfield, as it looks to capitalize on the gains it made during the pandemic.

Redfield, who has led the U.S. grocery business for the past six years, will take up the role immediately, according to an internal memo sent to employees.

Before Walmart, Redfield had held chief merchandising roles at ASDA, a UK grocer in which the U.S. retailer owns a minority stake, and at its warehouse club offering Sam’s Club, the memo sent by U.S. Chief Executive John Furner said.

The leadership change comes two months after Walmart reported better third-quarter sales in the United States than market expectations and raised its annual sales and profit forecasts.

The upbeat outlook came amid a surge in demand of groceries and home goods items during the pandemic and a big boost from online shopping, which grew 8% in the United States, or 87% from the pre-pandemic levels.

McCall, who has been with Walmart for nearly 30 years, will work with U.S. operations head Chris Nicholas to further drive inventory management before he retires, the memo said.

The Bentonville, Arkansas-based company also said that Chief Customer Officer Janey Whiteside will leave in March “to start her next chapter in New York with her family.”

Whiteside was the company’s first chief customer officer when she was appointed in 2018.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published. Required fields are marked *