BENTONVILLE, Ark. -- Contrary to reports published earlier this week, Eduardo Castro-Wright is not leaving his post as chief executive officer of the U.S. division of Wal-Mart Stores here, he told a meeting of store managers yesterday in Kansas City, Mo., a spokeswoman for the chain told SN. “There was no truth to any of it, and it was inaccurate reporting on behalf of Advertising Age,” she said Castro-Wright told the store managers, referring to a report by the magazine on Tuesday that he would be shifted to an international post and succeeded by Doug McMillon, the current CEO of the company‘s Sam‘s Club division. Citing sources close to Wal-Mart and internal Wal-Mart memos, the Ad Age report also outlined several other high-level changes the company was considering. “There are no management changes beyond the ones we clearly outlined last week, and those were publicly disclosed,” the spokeswoman said Castro-Wright told store managers.
-- Mark Hamstra