BENTONVILLE, Ark. — Wal-Mart Stores here on Monday said it has named Doug McMillon president and chief executive officer, succeeding Michael Duke, who will retire, effective Feb. 1.
McMillon, 47, is currently CEO of Walmart International.
The move, which some described as a surprise, comes as Wal-Mart has been struggling with flattish sales growth in the U.S.
"This leadership change comes at a time of strength and growth at Walmart," said Rob Walton, chairman of Walmart's ...
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