wal-mart stores inc (WMT) Key Developments
Wal-Mart Stores Names David Cheesewright as Head of Retailer's International Unit from February 1, 2013
Dec 11 13
Wal-Mart stores announced that the head of its Canadian division would take over the retailer's international unit in 2014, succeeding Doug McMillon, who was named CEO of the company last month. David Cheesewright, 51, who also runs Wal-Mart's Europe, Middle East and Africa operations, takes the job at a time when Wal-Mart International's profitability lags that of the overall company, and the unit is the focus of a costly bribery inquiry. Mr. Cheesewright is credited with bringing the super-centre format to Canada, and overseeing the integration of the Massmart acquisition in Africa and the Netto acquisition in Britain, where he started his Wal-Mart career in 1999. Mr. Cheesewright will assume his new position on February 1st, the same day Mr. McMillon takes the CEO post. Mr. Cheesewright faces a number of challenges. Wal-Mart International's profitability has been hurt by its aggressive expansion.
Wal-Mart Stores Inc. Appoints David Cheesewright as Executive Vice President, President and Chief Executive Officer of the International Division, Effective February 1, 2014
Dec 10 13
on December 9, 2013, david cheesewright, was appointed as executive vice president, president and chief executive officer of the international division of wal-mart stores, inc., effective February 1, 2014. Mr. cheesewright will report to the company’s president and chief executive officer in this new position. since september 2011, Mr. cheesewright has served as executive vice president, president and chief executive officer of a regional management team responsible for the company’s retail operations in canada, the united kingdom, and sub-saharan africa.
Walmart to Open Stores in US
Nov 29 13
Walmart is opening its stores in the US capital. The company has made plans to eventually open six locations, ultimately creating as many as 1,800 jobs in a city that, in some neighborhoods, has more than double the national average unemployment rate.
Richard Mayfield Joins Wal-Mart Stores Inc. as Chief Financial Officer of Europe, Middle East and Africa Region
Nov 27 13
Asda said Richard Mayfield, who joined Asda last year from John Lewis, will become chief financial officer of Wal-Mart Stores Inc. Europe, Middle East and Africa region.
Wal-Mart Stores, Inc. Announces Executive Changes, Effective February 1, 2014
Nov 25 13
Wal-Mart Stores Inc. announced that its board of directors elected company veteran Doug McMillon, 47, to succeed Mike Duke, 63, as president and chief executive officer, effective February 1, 2014. McMillon was also elected to the company's board of directors, effective immediately. Duke will continue serving as chairman of the executive committee of the board and, in the tradition of his predecessors, stay on as an advisor to McMillon for one year. The company plans to make an announcement on McMillon's successor as CEO of Walmart International by the end of the fiscal year.