As it approaches its new fiscal year, Wal-Mart Stores, Inc. (NYSE: WMT) today announced a number of changes across the business, drawing on a deep bench of internal talent.
“We are very intentional about developing talent to meet the needs of our rapidly growing business worldwide,” said Walmart President and CEO Mike Duke. “The promotions we are announcing today are clear evidence that our succession and management development programs work, and that we have highly talented, well-rounded and experienced business leaders ready to step into larger roles when the opportunities arise.”
Current Sam’s Club President and CEO Brian Cornell, 52, recently informed the company that he and his wife would like to move back to the Northeast for family reasons.
With his departure, Rosalind G. Brewer, 49, is promoted to president and CEO of Sam’s Club, reporting to Duke, effective Feb. 1. Brewer was most recently president of the Walmart U.S. east business unit, where she was responsible for more than $100 billion in annual revenue, representing almost 1,600 stores and more than 500,000 associates. Brewer was also the first chairperson of the Walmart President’s Council of Global Women Leaders.
“Roz came to us with an outstanding background in consumer packaged goods more than five years ago,” said Duke. “During that time I have seen her develop into a talented merchant and retailer. She has strong strategic, analytical and operational skills and has successfully managed a large and complex business.
