Wal-Mart today (7 January) named the head of its wholesale division Sam’s Club as the man to take charge of its international operations.
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Doug McMillon, 42, will move from his role as president and CEO of Sam’s Club to become president and CEO of Wal-Mart International on 1 February.
McMillon (pictured) will replace Mike Duke, who is set to take the top job at Wal-Mart next month when he succeeds Lee Scott as president and CEO of the world’s largest retailer.
“Doug is joining Wal-Mart International at a time of strength and momentum,” Duke said. “We have a strategy to win in all markets, and our international team is exceptionally strong across the board.
Wal-Mart said a new boss of Sam’s Club would be named “at a later date”.
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By GlobalDataThe retailer’s international business, which spans 14 markets outside the US, generates around 25% of the company’s revenue.
Last month, in its latest move to expand its overseas operations, Wal-Mart launched a tender offer to acquire a controlling stake in Chilean retailer Distribución y Servicio D&S.
