Wal-Mart names John Furner as Sam’s Club next CEO
NEW YORK – Wal-Mart says it named John Furner as CEO of its Sam’s Club stores to replace Rosalind Brewer, who is retiring next month.
Furner, who is 42, will head the membership-only warehouse chain next month. Furner has been Sam’s Club’s chief merchandising officer since October 2015. Wal-Mart says he first joined the company as an hourly store associate in 1993.
Brewer will leave her position February 1. The 54-year-old has been CEO of Sam’s Club for five years and has had a variety of executive roles since joining the company about 11 years ago.
Shares of Wal-Mart Stores Inc., based in Bentonville, Arkansas, slipped 86 cents, or 1.2 per cent, to $68.37 in morning trading Friday.
News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
