Two top Walmart executives leave company under new CEO John Furner

Two top Walmart executives leave company under new CEO John Furner

• Two top Walmart executives are leaving the company.
• The chief operating officer of Walmart's warehouse Sam's Club, Tom Ward, is retiring while Walmart's executive vice president of U.S. store operations, Cedric Clark, is leaving the business, internal memos viewed by CNBC show.
• The leadership shuffle comes nearly four months after Furner took over as Walmart's CEO.

Two top Walmart executives are departing the company, nearly four months after CEO John Furner took over, CNBC learned on Friday.

Tom Ward, the chief operating officer of Walmart's warehouse Sam's Club, is retiring, while Cedric Clark, Walmart's executive vice president of U.S. store operations, is leaving the business, internal memos viewed by CNBC shows.

A replacement for Clark is expected to be announced in the "coming weeks," the memo stated. It's unclear when the company expects to fill Ward's position.

The leadership shuffle comes after Furner took over as Walmart's CEO in February. Alongside Furner's promotion, the company elevated four new top executives to work alongside him earlier this year. Seth Dallaire was promoted to chief growth officer, overseeing the company's marketplace and advertising businesses, David Guggina was elevated to CEO of Walmart U.S., Chris Nicholas became CEO of Walmart International and Latriece Watkins became CEO of Sam's Club.

Furner took over the largest U.S. retailer during a period of sustained growth, fueled by gains with higher-income consumers and the expansion of its e-commerce business.

Walmart announced fiscal first-quarter earnings on Thursday, where it issued mixed results and said its business remained strong despite consumer pressures and high gas prices.

The leadership changes were first reported by the Wall Street Journal.

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