16316 Tue, 03/10/2009 - 11:18am
BENTONVILLE, Ark.–Walmart Stores has named Brian Cornell president and chief executive officer of Sam’s Club, effective April 3. Cornell succeeds Doug McMillon, who became president and CEO of Walmart International last month. In his new role, Cornell will report to Mike Duke, president and CEO of Walmart Stores.
Cornell most recently served as CEO of Michael’s Stores. He previously was executive vice president and chief marketing officer for Safeway. Prior to that, Cornell held senior management positions at PepsiCo, including as president of Pepsi-Cola North America’s food services division and president of Tropicana International.
Yesterday, Michaels named John Menzer its new chief executive officer.
Menzer most recently served as vice chairman of Wal-Mart Stores and prior to
that was CEO of Wal-Mart International.
Sam’s Club ended last fiscal year with $46.8 billion in sales and 602 stores.