finance
Two Walmart Executives Depart Under CEO John Furner
Tom Ward, chief operating officer of Sam's Club, is retiring. Cedric Clark, executive vice president of U.S. store operations, is leaving the company.
May 22, 4:33 PM·1m read1 source
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Two senior Walmart executives are leaving the company nearly four months after John Furner became chief executive officer. Tom Ward, chief operating officer of Sam's Club, is retiring. U.S. store operations, is leaving the business. Internal memos viewed by Cnbc show the departures.
Clark is expected in the coming weeks, according to one memo. It is not known when the company will name a successor for Ward. Furner became Walmart's CEO in February. , Chris Nicholas as CEO of Walmart International, and Latriece Watkins as CEO of Sam's Club.
Walmart reported fiscal first-quarter earnings on Thursday.
The company said results were mixed but described the business as strong despite consumer pressures and high gas prices. The leadership changes were first reported by the Wall Street Journal.
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