Home Retail Mike Duke to be Wal-Mart’s next CEO

    Mike Duke to be Wal-Mart’s next CEO


    Inc, the world’s largest retailer, has said that its CEO will retire next February. Scott will be succeeded by , who heads company’s international operations.

    Walmart to cut 7,000 back-office jobs in US stores
    The positions are being cut because Walmart is implementing a modernized system for bookkeeping and tracking inventory

    Rob Walton, chairman of the Wal-Mart board of directors said, “This management change occurs at a time of strength and momentum for Wal-Mart. Mike Duke is a highly respected executive both domestically and internationally, with broad experience throughout the company, having successfully led Wal-Mart’s Logistics Division, US operations, and international operations.”

    Scott, 59, has served as CEO for more than eight years. Scott became president and CEO of Wal-Mart’s US division in 1998 and president and CEO for the corporation in 2000. Scott will continue serving as chairman of the executive committee of the board.

    —IndiaRetailing Bureau