As big-box retailers and smaller shops alike gear up for Black Friday, Wal-Mart Stores' decision to announce a big leadership change came at the wrong time—during the busiest week for the retail industry, CNBC's Jim Cramer said.
"As someone who follows retail closely, this is not the time to change horses so to speak," Cramer said on "Squawk on the Street" on Monday. "At the same time, I'm sure this company will without a doubt say that this is seamless, and that there's nothing pertinent so that it would make it seem wrong. I just don't think it's right."
Wal-Mart announced Monday morning its board of directors elected company veteran Doug McMillon to succeed Mike Duke as president and chief executive officer of the company, effective Feb 1.
(Read more: Wal-Mart Stores names new CEO)