Tag Archives: Mike Duke

Foran to Succeed Simon as Walmart U.S. Chief

Greg Foran

BENTONVILLE, Ark.-Greg Foran has been promoted to president and CEO of Walmart U.S. Foran will succeed Bill Simon, who had been in this role since June 2010. Foran, who had been named president and CEO of Walmart Asia earlier this year, will report to Doug McMillon, the parent company’s president and CEO. He starts inMore »

McMillon Takes Command at Walmart

Doug McMillon

BENTONVILLE, Ark.-Doug McMillon has become the fifth president and CEO of Walmart Stores Inc., the parent company of Walmart U.S., Walmart International and Sam’s Club. McMillon, who had been president and CEO of Walmart International, was elected to head the world’s largest retailer by the company’s board in November. He officially began his new rolesMore »

Cheesewright Named Walmart International Chief

David Cheesewright

BENTONVILLE, Ark.-Walmart has promoted David Cheesewright to president and CEO of Walmart International. Cheesewright—currently president and CEO of Walmart’s Europe, Middle East and Africa (EMEA) and Canada region—will succeed Doug McMillon, who was named to succeed Mike Duke as Walmart’s president and CEO last month. Both McMillon and Cheesewright will assume their new posts onMore »

McMillon to Succeed Duke as Walmart CEO

Doug McMillon

BENTONVILLE, Ark.–Doug McMillon has been named the new president and CEO of Walmart Stores. He will succeed Mike Duke on Feb. 1, 2014. McMillon, currently president and CEO of Walmart International, was also elected to the company’s board of directors, effective immediately. “This leadership change comes at a time of strength and growth at Walmart,”More »

Walmart Q3 Net Up 2.8 Percent; U.S. Comps Down 0.3 Percent

Walmart

BENTONVILLE, Ark.-Although its U.S. same-store sales slipped 0.3 percent, Walmart posted a 2.8 percent gain in third-quarter net income, to $3.7 billion. The retail giant’s net sales rose 1.6 percent to $114.9 billion in the quarter, which ended on Oct. 31. Its U.S. sales as a whole were up 2.4 percent, with gains in marketMore »

Walmart Sets FY 2015 Capital Expenditure Plan

Walmart

BENTONVILLE, Ark.-For the fiscal year ending on Jan. 31, 2015, Walmart’s capital spending will total between $11.8 billion and $12.8 billion, $200 million less than its revised projection for fiscal year 2014, according to a statement from its 20th annual conference for the investment community. Mike Duke, the retailer’s president and CEO, said, “We’re spendingMore »

Duke: Walmart “Making Progress” on Key Areas

Mike Duke

ROGERS, Ark.-Walmart is “making substantial or, in some cases, even ‘step-change’ progress” in key areas of its business, according to Mike Duke, president and CEO. In his opening remarks at the company’s 20th annual meeting for the investment community here today, Duke said Walmart is progressing on e-commerce, compliance, leverage initiatives, capital discipline, talent recruitmentMore »

Walmart Q2 Net Up 1.3 Percent on Weak Sales

Walmart

BENTONVILLE, Ark.-In a quarter in which its checkouts left something to be desired, Walmart posted net income of $4.1 billion, up a slight 1.4 percent from last year’s second quarter. Net sales in the quarter, which ended on July 31, rose 2.4 percent to $116.2 billion. At Walmart U.S. stores, sales were up 2.1 percent,More »