Might 5 (Reuters) – Walmart Inc (WMT.N) appointed Latriece Watkins as its U.S. chief merchandising officer, based on a memo seen by Reuters on Friday, days after Charles Redfield stepped down from the function.
Watkins, who joined the corporate 24 years in the past, has served in a number of roles throughout Walmart U.S. and Sam's Membership. She was most just lately the manager vice chairman of the Walmart U.S. consumables division.
Final month, Walmart U.S. CEO John Furner wrote to associates that Redfield would step down and assume an advisory function supporting the U.S. enterprise efficient Might 1.
Watkins' appointment takes place at a time when client spending energy has been decreased by excessive inflation, hurting Walmart's enterprise and main the corporate to undertake a cautious stance on 2023.
“We've got a wealthy historical past of robust leaders who embrace this fixed change, set daring visions for our groups and greatest signify the humanity that's Walmart,” Furner wrote within the memo.
The Wall Avenue Journal had first reported the information on Friday.
Reporting by Granth Vanaik in Bengaluru; Enhancing by Shailesh Kuber
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