Tag Archives: Walmart

Madeira Named to Head Walmart.com

Fernando Madeira

BENTONVILLE, Ark.-Walmart has promoted Fernando Madeira to president and CEO of walmart.com, with responsibility for the site’s U.S. and Latin American operations and for the site’s overall future growth. Madeira, who had been president and CEO of Walmart E-commerce Latin America, will relocate to the site’s office in San Bruno, Calif., and will continue toMore »

Penner Named Walmart Board Vice Chairman

Greg Penner

BENTONVILLE, Ark.-Walmart’s board of directors has appointed Greg Penner vice chairman of the board, a newly created, non-executive position. Penner, general partner of investment management firm Madrone Capital Partners, has served on Walmart’s board since 2008. Prior to joining Madrone, he served as Walmart’s senior vice president and chief financial officer for Japan, and seniorMore »

Broader Named to Head Walmart EMEA Region

Shelley Broader

BENTONVILLE, Ark.-Walmart has promoted Shelley Broader, president and CEO of Walmart Canada, to executive vice president, president and CEO of Walmart EMEA. The move puts Broader in charge of retail operations in Europe, the Middle East and Sub-Saharan Africa. She retains her current responsibility over Walmart Canada, and reports to David Cheesewright, president and CEOMore »

Weather Knocks Walmart Q1

Walmart

BENTONVILLE, Ark.-The severe winter weather of early this year proved to be a major factor in the 5 percent drop in Walmart’s net income for the first-quarter ending April 30, which totaled $3.6 billion. In a conference call from Walmart’s management discussing the results this morning, Doug McMillon, Walmart’s president and CEO, said the “disruptive”More »

Massmart Head Pattison to Step Down

Grant Pattison

JOHANNESBURG-Grant Pattison, CEO of South African retailer Massmart (in which Walmart holds a majority stake) will leave his post on June 1. Guy Hayward, currently chief operating office, will become CEO at that time, in accordance with the company’s succession plan. Pattison’s future plans were not announced in a Massmart statement. Pattison joined Massmart inMore »

Walmart to Ramp Up Canadian Operation

Walmart

BENTONVILLE, Ark.-Walmart Canada plans to expand its store count and online operation. A Walmart corporate spokesman confirmed press reports that the retailer will spend nearly C$500 million (about $450 million) on 35 new supercenters in Canada, an enhanced distribution network and e-commerce projects. The initiatives are expected to generate about 7,500 jobs over the nextMore »

Sam’s Club to Lay Off 2,300

Sam’s Club

BENTONVILLE, Ark.-Sam’s Club plans to lay off about 2,300 associates, or about 2 percent of its total associate number, across its clubs. A time frame for the lay offs was not given. According to a statement from Bill Durling, who heads Sam’s Club’s corporate communications, the warehouse-club retailer and division of Walmart will conduct theMore »