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Walmart Invites Changes In Its Executive Team After 2019 Holiday Season

By John F. Heerdink, Jr.

As per reports, Walmart (WMT) is shuffling its executive team after the 2019 holiday season. According to an internal memo of the company the company’s chief merchant Steve Bratspies is set to depart and will be replaced by Scott McCall. All of the changes are effective Feb 1, as per the memo.

Bratspies stated in an emailed statement, “I am incredibly proud of what we have accomplished as a team. I will always cherish my Walmart family and take pride in the growth we fueled together, but it’s time for a new challenge. I am excited about what’s ahead for me and for Walmart.”

Bratspies’ departure marks the latest of its management changes at Walmart in recent months including John Furner taking over as the president and CEO of Walmart’s U.S. division on Nov. 1 prior to which he was the head of Sam’s Club. Dacona Smith, previously associated with Sam’s club has been named as a chief operating officer of Walmart U.S, as per the memo. Lance de la Rosa has replaced Smith at Sam’s Club.

Also, there has been shuffling in the retailer’s e-commerce team with the exit of its chief merchant for its U.S. e-commerce business, Ashley Buchanan in December to become CEO of crafts retailer Michael’s.

“These moves demonstrate the depth of talent in our business and the opportunity for the advancement at Walmart,” Furner said in the memo.

To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Walmart shuffles executives after holiday season, chief merchant departing in CNBC)


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