Two top Walmart executives leave company under new CEO John Furner
Walmart is experiencing a leadership change as two top executives depart the company under new CEO John Furner. Tom Ward, COO of Sam's Club, is retiring, while Cedric Clark, EVP of U.S. store operations, is also leaving. The company is expected to announce replacements for these positions in the coming weeks.
- ▪Tom Ward, the chief operating officer of Walmart's warehouse Sam's Club, is retiring.
- ▪Cedric Clark, Walmart's executive vice president of U.S. store operations, is leaving the business.
- ▪A replacement for Clark is expected to be announced in the coming weeks.
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Two top Walmart executives are departing the company, nearly four months after CEO John Furner took over, CNBC learned on Friday.Tom Ward, the chief operating officer of Walmart's warehouse Sam's Club, is retiring, while Cedric Clark, Walmart's executive vice president of U.S. store operations, is leaving the business, internal memos viewed by CNBC shows. A replacement for Clark is expected to be announced in the "coming weeks," the memo stated. It's unclear when the company expects to fill Ward's position. The leadership shuffle comes after Furner took over as Walmart's CEO in February. Alongside Furner's promotion, the company elevated four new top executives to work alongside him earlier this year.
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