Wal-Mart Stores Inc. (WMT), the world’s largest retailer, named 13 executives to its U.S. merchandising operations, marking the latest shake-up since Chief Executive Officer Doug McMillon took the reins in February.
As part of the changes, Scott Huff will be promoted to executive vice president overseeing merchandising operations for the U.S., according to a company memo sent by U.S. Chief Merchandising Officer Duncan Mac Naughton. Huff has been at Wal-Mart since 1994, when he started as an intern. Seven of the 13 executives named are women.
The company also named new executives to oversee everything from consumables and sales innovation to baby products and adult beverages. The idea is to accelerate growth and boost efficiency, Mac Naughton said in the memo, which was obtained by Bloomberg. Facing a slump at its U.S. supercenters and Sam’s Club locations, Wal-Mart has been seeking ways to jump-start sales, including opening more small-format stores.
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