Executive Suite is sponsored by Robin Russell Executive Search.
• Walmart said yesterday that Judith McKenna, the company's president-CEO of Walmart International, will leave the company early next month and be succeeded by Kathryn McLay, currently the CEO of the company's Sam's Club business.
As a result, Chris Nicholas, current Walmart U.S. chief operating officer, will become CEO of Sam’s Club.
And Kieran Shanahan - most recently the company's executive vice president, International Operations, and regional CEO for Walmart International - will succeed Nicholas as Walmart US's EVP and chief operating officer.
The Wall Street Journal writes that Walmart seems to be "positioning a younger crop of leaders to be potential successors to CEO Doug McMillon … McKenna was seen as a possible successor to McMillon, who has been Walmart CEO since 2014. She joined the company in 1996, serving in a range of roles including the operating chief for Walmart’s U.S. business. She agreed to a two-year noncompete agreement with Walmart after her employment ends.
"McMillon plans to stay in his role at least three more years as the company solidifies its succession plan, the Journal reported earlier this year. John Furner, age 49, CEO of Walmart’s U.S. business since 2019, has also long been seen as a possible successor."
