Walmart Loses 2 Senior Executives as CEO John Furner Pushes Tech-Focused Rejig

4 articles · Updated · Reuters · May 22

Tom Ward, Sam's Club COO, will retire by month-end and U.S. store operations chief Cedric Clark is also leaving, according to internal memos seen by Reuters.
John Furner, who became CEO in February, is reshaping management around a technology-led strategy to grow Walmart's marketplace and delivery businesses and win higher-income shoppers.
The departures follow Walmart's elimination of 1,000 roles last week as it sought to simplify its operating structure; a new executive vice president for store operations is due within weeks.
The overhaul comes as Walmart navigates softer consumer spending and pressure on lower-income households, even after reiterating annual targets and saying sales should land near the high end of guidance.

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