Walmart says two top U.S. executives to leave

by Msnbctv news staff

© Reuters. FILE PHOTO: A Walmart signal is seen inside its division retailer in West Haven, Connecticut, U.S., February 17, 2021. REUTERS/Mike Segar/File Photograph

(Reuters) – Walmart (NYSE:) Inc stated on Friday Chief Merchandising Officer of its U.S. unit, Scott McCall, will retire and handover the reigns to grocery chief Charles Redfield, because it seems to be to capitalize on the features it made in the course of the pandemic.

Redfield, who has led the U.S. grocery enterprise for the previous six years, will take up the function instantly, in line with an inner memo despatched to staff.

Earlier than Walmart, Redfield had held chief merchandising roles at ASDA, a UK grocer through which the U.S. retailer owns a minority stake, and at its warehouse membership providing Sam’s Membership, the memo despatched by U.S. Chief Government John Furner stated.

The management change comes two months after Walmart reported higher third-quarter gross sales in the US than market expectations and raised its annual gross sales and revenue forecasts.

The upbeat outlook got here amid a surge in demand of groceries and residential items gadgets in the course of the pandemic and an enormous increase from on-line purchasing, which grew 8% in the US, or 87% from the pre-pandemic ranges.

McCall, who has been with Walmart for almost 30 years, will work with U.S. operations head Chris Nicholas to additional drive stock administration earlier than he retires, the memo stated.

The Bentonville, Arkansas-based firm additionally stated that Chief Buyer Officer Janey Whiteside will go away in March “to begin her subsequent chapter in New York together with her household.”

Whiteside was the corporate’s first chief buyer officer when she was appointed in 2018.

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