GO
Loading...

Wal-Mart Shakes Up Management: Advertising Age

Wal-Mart Stores is expected to move the chief executive of its U.S. namesake stores to an international position and replace him with the head of its Sam's Club warehouse club unit, Advertising Age reported on Tuesday, citing people close to the company.

The latest round of recent or pending management moves at the world's largest retailer is expected to involve 10-to-15 people, according to one person close to the company, Advertising Age said in a story on its Web site.

Eduardo Castro-Wright, CEO of the Wal-Mart Stores Division in the United States, will move to an international post, though the level of that post was not clear, Advertising Age said.

Sam's Club's CEO Doug McMillon would replace Castro-Wright, Advertising Age said.

A Wal-Mart spokeswoman could not immediately be reached by Reuters.

Advertising Age said that a spokeswoman declined to comment and that executives were difficult to reach as they gathered in Kansas City, Missouri for an annual year-end meeting with supplier executives.

Last week Wal-Mart, which is trying to boost sales after a lackluster holiday season, named John Fleming as its chief merchandising officer. Fleming had previously led Wal-Mart's marketing division.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Don't Miss

U.S. Video

  • Debating the plan to prevent tax inversions, Doug Holtz-Eakin, American Action Forum, says the Treasurys plan is worse than doing nothing. Christian Weller, Center for American Progress, explains why he favors inversion regulation.

  • CNBC's Eamon Javers discusses the Treasury Department's new rules to discourage companies from moving their headquarters overseas to avoid taxes.

  • Are Treasurys seeing a safe haven bid? CNBC's Rick Santelli and Bob Pisani break down the current action in bonds and equities.