economy
Two top Walmart executives leave company under new CEO John Furner
Tom Ward, chief operating officer of Walmart's warehouse chain Sam's Club, is retiring, and Cedric Clark, Walmart's EVP of U.S. store operations, is leaving.
TL;DR
- Two top Walmart executives, Tom Ward and Cedric Clark, are leaving the company.
- Tom Ward, COO of Sam's Club, is retiring.
- Cedric Clark, EVP of U.S. store operations, is departing the business.
- These departures follow John Furner's appointment as CEO in February.
- Walmart has seen recent promotions of other top executives to support Furner.
- The company reported mixed fiscal first-quarter earnings, noting continued strength despite consumer pressures.