Multinational supermarket chain Walmart has announced that its CEO of its US operations, Greg Foran, will leave the company next year, to be replaced by John Furner.
Furner will take on the role of president and CEO of Walmart US from 1 November, while Foran will remain at the US retailer until 31 January to ensure a smooth transition.
Foran, who has served as CEO of Walmart US since August 2014, will be taking on a new role as CEO of Air New Zealand Limited.
Walmart President and CEO Doug McMillion said: “Greg Foran has made a huge difference for Walmart, and we are grateful.
“He built a strong plan from the beginning to strengthen the U.S. business – a plan that made significant choices around investing in wages and benefits for associates and investing in price for customers.
“Greg’s ability to innovate, whether it’s making our stores a competitive advantage in an omnichannel environment or equipping associates with next generation technology and training, has helped position us for the future.”
Furner began his career at Walmart as an hourly associate in 1993, working his way up to frontline leadership roles as store manager, district manager and buyer.
He has since held several leadership roles in operations, merchandising and sourcing in Walmart US., Sam’s Club and Walmart International, where he served at Walmart China as chief merchandising and marketing officer.
Most recently, Furner has served as CEO of Walmart US., Sam’s Club.
McMillion added: “John has done a fantastic job at Sam’s Club, and he will continue the momentum we have in Walmart U.S.
“John knows our business well, having held many different jobs in the company over more than 25 years, and he is helping transform it for the future. He has the experience and judgment to know what we should continue doing and what we should change.
“He embraces technology and new ways of working, and he keeps our customers and Sam’s Club members at the center of everything we do, while delivering results for the business.”
© FoodBev Media Ltd 2020