In Latest Shuffle, All Wal-Mart Operating Divisions to Report Directly to CEO Scott
BENTONVILLE, Ark. -- In the latest executive change at Wal-Mart Stores, Inc. here, the company said Friday that vice chairman John Menzer will assume the responsibilities of chief administrative officer, solidifying his leadership of corporate strategic planning and many company-wide support functions. Additionally, Eduardo Castro-Wright, president and c.e.o. of Wal-Mart Stores - U.S.A., who had previously reported to Menzer, will now report directly to Lee Scott, president and c.e.o. The moves put all three of the company's operating divisions -- Wal-Mart, Sam's Club, and International -- directly under Scott.
"This will enable [Menzer] to take a more active role in global procurement, an area of increasing strategic importance which he assumed in January," said Scott in a statement. "He will play a critical role in leading our global procurement efforts, which are key to improving the customer experience around the world through better merchandise and lower prices. Additionally, John will focus his time and attention on expanding our growing financial services business to benefit the underserved."
Scott noted that Menzer will continue to oversee key administrative functions, such as information systems, benefits, sustainability, compliance, and corporate planning.
Other recent executive changes at Wal-Mart include the departure of Larry Jackson, who left as president and chief executive of global procurement to spend more time with his family; the retirement of s.v.p. and treasurer Jay Fitzsimmons; and the departures of Mark Goodman, e.v.p. for Sam's Club marketing and membership, and Julie Roehm, who was Wal-Mart's s.v.p. of communications.
"This will enable [Menzer] to take a more active role in global procurement, an area of increasing strategic importance which he assumed in January," said Scott in a statement. "He will play a critical role in leading our global procurement efforts, which are key to improving the customer experience around the world through better merchandise and lower prices. Additionally, John will focus his time and attention on expanding our growing financial services business to benefit the underserved."
Scott noted that Menzer will continue to oversee key administrative functions, such as information systems, benefits, sustainability, compliance, and corporate planning.
Other recent executive changes at Wal-Mart include the departure of Larry Jackson, who left as president and chief executive of global procurement to spend more time with his family; the retirement of s.v.p. and treasurer Jay Fitzsimmons; and the departures of Mark Goodman, e.v.p. for Sam's Club marketing and membership, and Julie Roehm, who was Wal-Mart's s.v.p. of communications.