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

This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEI0D0XZ_L.jpg

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.

Add Comment