Walmart Inc. (NASDAQ:WMT) shares were flat on Friday amid a broad leadership shakeup announcement.
The retailing behemoth said its Board of Directors tapped new executives across core business units. The board confirmed that incoming President and CEO John Furner shared a slate of shifts across key teams.
Furner said the company’s people form its most powerful competitive edge. He added that these promotions underscore Walmart’s culture of opportunity and deep leadership bench.
Furner said the restructure helps organize the business for the future as AI reshapes retail.
Leadership Changes
The board elevated Seth Dallaire to EVP and Chief Growth Officer for Walmart Inc.
Dallaire now oversees global enterprise platforms, including Walmart Connect digital advertising.
He also gains responsibility for Walmart+, Walmart Data Ventures, Vizio, Sam’s Club MAP, and the global Marketplace platform.
New U.S. CEO David Guggina, formerly EVP and Chief eCommerce Officer for Walmart U.S., takes over as President and CEO of Walmart U.S.
Guggina built advanced delivery capabilities that now serve most U.S. households in under three hours.
International Leadership
Chris Nicholas, President and CEO of Sam’s Club U.S., will lead Walmart International.
Nicholas brings retail operations and international experience across more than 10 countries.
Sam’s Club Leadership
Latriece Watkins, EVP and Chief Merchandising Officer for Walmart U.S., is named President and CEO of Sam’s Club U.S.
Watkins joined Walmart as an intern in 1997 and has shaped assortments and customer experience.
WMT Price Action: Walmart shares were down 0.59% at $118.50 at the time of publication on Friday. The stock is approaching its 52-week high of $121.23, according to Benzinga Pro data.
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