GLOBAL: Cheesewright to head Wal-Mart international arm

By Dean Best | 10 December 2013

Cheesewright joined Wal-Mart in 1999 with role at Asda

Cheesewright joined Wal-Mart in 1999 with role at Asda

David Cheesewright, the head of Wal-Mart's operations in EMEA and Canada, is to be promoted to lead all of the retail giant's businesses outside the US.

Cheesewright is to take the position of president and CEO of Walmart International in February, replacing Doug McMillon, who will become the president and CEO of the whole company.

Around 30% of Wal-Mart's revenue comes from its 26 markets outside the US.

Announcing the appointment today (10 December), McMillon said Cheesewright "brings a wealth of experience and a proven track record of innovation and governance. He added: "David is the ideal person to steer our next chapter of continued, long-term growth."

Cheesewright joined Wal-Mart's UK arm Asda in 1999 from Mars Inc. In 2005, he became COO and trading director at Asda. Three years later, Cheesewright became president and CEO of Wal-Mart's operations in Canada.

In 2011, Cheesewright was handed a new role to head Wal-Mart's business in Canada and its operations in Europe, the Middle East and Africa.

He said he was "honoured" to lead all of Wal-Mart's businesses outside the US.

"Through strong capital discipline, we will continue to invest in new stores and e-commerce growth, as well as productivity improvements that drive profitable growth and returns," he said.

Click here for an analysis of the domestic and international challenges facing Wal-Mart.

Show the press release

David Cheesewright Named President and CEO of Walmart International

BENTONVILLE, Ark.Dec. 10, 2013 /PRNewswire/ -- Wal-Mart Stores, Inc. (NYSE: WMT) announced today that David Cheesewright, 51, will be promoted to president and CEO of Walmart International, the company's second largest operating segment.  Cheesewright, currently president and CEO of Walmart'sEuropeMiddle East and Africa (EMEA) and Canada region, will report to Doug McMillon, who was named on Nov. 25 to succeed Mike Duke as the company's president and CEO.  Both assume their new roles onFeb. 1, 2014. Cheesewright's successor will be named at a later date.

(Logo: http://photos.prnewswire.com/prnh/20090914/WALMARTLOGO)

"David will lead the division at an exciting time," said McMillon.  "We have strengthened our business and gained market share in the majority of our international markets, and he had a key role in that success. He brings a wealth of experience and a proven track record of innovation and governance.  With his deep knowledge of the company, our customers, and our purpose, he is the ideal person to steer our next chapter of continued, long-term growth. David's passion for sustainability will drive change that will help improve our world."

"I'm honored to be named to lead our international business at a time when our customers around the world need us more than ever," said Cheesewright. "A tremendous opportunity lies ahead for our company.  Our success is dependent on our associates, and I'm committed to investing in them.  Together, we will find innovative and sustainable ways to serve our customers and provide them with the quality, affordable products they expect from us.  Through strong capital discipline, we will continue to invest in new stores and e-commerce growth, as well as productivity improvements that drive profitable growth and returns."

Cheesewright's career spans more than 25 years across the international retail and manufacturing sectors.  His Walmart career began in 1999 at Asda, the company's UK operation, where he held leadership positions in operations, merchandising, logistics, strategy and format development. He was the chief operating officer for both Walmart Canada and Asda before being named CEO of Walmart Canada.  While there, Cheesewright led the growth of the company's Canadian operations, including bringing Walmart's highly successful supercenter format to the Canadian market and expanding the company's e-commerce capabilities.  In 2011, he was named to his current position as president and CEO of Walmart's EMEA and Canada region, where he oversaw the integration of the Massmart acquisition in Sub-Saharan Africa and more aggressive growth in the UK through the Netto stores acquisition.  He helped develop and expand Asda's online grocery delivery program and serves on the board of Walmart'sChina e-commerce business, Yihaodian. Before his career with Walmart, Cheesewright held leadership positions in the United Kingdom with Mars Confectionery.  He holds a first-class honors joint degree in sports science and mathematics from Loughborough UniversityEngland.

Walmart's International division generates nearly 30 percent of the company's revenue, serving more than 109 million customers every week in more than 6,200 retail units under 64 banners in 26 countries outside the U.S.  In the third quarter 2013, Walmart International grew net sales to $33.1 billion. On a constant currency basis, net sales increased 4.1 percent to $34.4 billion.

Original source: Wal-Mart Stores

Sectors: Emerging markets, Retail

Companies: Asda, Mars Inc

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