Chutes & Ladders: Walmart reshuffles exec team, McDonald's names new CEO

Welcome to this week's Chutes & Ladders, our roundup of hirings and firings throughout the industry. Please send the good wordor the badfrom your shop to Drew Woolley at [email protected] and we will feature it here at the end of each week.

 

> Walmart has announced several executive changes designed to revitalize supercenters and small formats with new rollouts including grocery home shopping. Mike Moore, currently executive VP of the Neighborhood Market division, has been named to an executive VP role in which he will oversee Walmart's U.S. supercenter operation. Executive VP of Walmart West Julie Murphy will fill his old position. Mark Ibbotson, Walmart U.S. senior VP of innovations, will serve in an expanded role, retaining the senior VP title for the innovations organization now dubbed "central operations." He will also take responsibility for asset protection and work with Walmart Global eCommerce to build out grocery home shopping operations. Walmart also announced that Pam Kohn, executive VP of Walmart Realty, and Joaquin Varela, executive VP of Walmart East, are parting ways with the company. Kohn's position will be filled by J.P. Suarez, who currently acts as senior VP of real estate strategy, design and construction. Story

 

> The McDonald's board has announced that Don Thompson has retired as president, CEO and member of the board after almost 25 years with the company. The change became effective March 1, and the board has elected Steve Easterbrook to replace Thompson in each capacity. Before the promotion, Easterbrook served as senior executive VP and chief brand officer, taking control of the fast food chain's initiatives to improve marketing, advance menu innovation and build out infrastructure for digital efforts. The company also announced that Pete Bensen, senior executive VP and CFO, has been promoted to chief administrative officer. He reports to Easterbrook, overseeing several functions key to supporting operations. Kevin Ozan, formerly senior VP and corporate controller, is assuming Bensen's previous role as executive VP and CFO. He will report to Bensen and take charge of managing the global financial organization as well as leading development and execution of the company's fiscal strategies. Those changes became effective March 1. Story

 

> At Home, a chain of home decor superstores, has named Phil Francis, former CEO and chairman of PetSmart, as an independent member of its board of directors. Francis has 35 years of experience in management positions at retail and wholesale companies. He was most recently with PetSmart for 15 years in several senior leadership roles, including chairman, CEO and president. As CEO, he contributed to the chain's growth from 460 stores to 1,200. Before PetSmart, Francis acted as CEO and president at Shaw's Supermarkets. He also held senior management positions at Roundy's, Cardinal Foods and Jewel Companies. Story

> Fresh Market has announced the board appointments of Michael Casey, CEO and director of Carter's, and Robert Shearer, former CFO of V.F. Corporation and current director of Church and Dwight, as two of the company's new independent directors. The appointments became effective May 1, bringing the board to nine directors, eight of whom are independent. Casey has served in his current role at Carter's since 2008 and has acted as chairman of the board since 2009. He joined the company in 1993, holding positions including executive VP and CFO, senior VP and CFO, senior VP of finance, and VP of finance. Shearer was previously senior VP and CFO for V.F. Corporation from 2005 until his recent retirement. Before that he held several financial positions including VP controller from 1994 to 1998, controller from 1989 to 1994, and assistant controller from 1986 to 1989. Story

> Global Brands Group announced that Adrienne Lazarus, formerly of Ann Taylor and May Company, has been named CEO of The Frye Company. Lazarus has 25 years of experience building businesses such as Intermix and Ann Taylor, and Global Brands said it was important to bring in a veteran to lead the 150-year-old Frye brand. Lazarus was previously president of Intermix from 2009 until its acquisition by Gap in 2013. There she led the retailer's repositioning and is credited with turning around its sales and general appeal. Before Intermix, she acted in several executive capacities at Ann Taylor, serving as president of the brand, helping launch Ann Taylor Loft and growing the brand to a valuation of $1 billion. Story

> Nordstrom's board of directors announced that Blake Nordstrom, Pete Nordstrom and Erik Nordstrom will act as co-presidents of the company. All three will retain their current roles and responsibilities, including their positions on the board. In 2000, Blake Nordstrom was named president, contributing to business operations; Pete Nordstrom was appointed executive VP of Nordstrom and president of merchandising and marketing; and Erik Nordstrom was named executive VP of Nordstrom and president of stores. Erik Nordstrom became executive VP of Nordstrom and president of Nordstrom.com in 2014. Blake has been a member of the board since 2005, and his brother joined the board the following year. Story

> True Value Company has appointed Deborah O'Connor its new senior VP and CFO, filling the role vacated by David Shadduck, whose departure became effective April 30. O'Connor joins the company with 25 years of experience in a variety of financial roles, most recently spending seven years at OfficeMax as senior VP of integration and finance where she was integral to the OfficeMax and Office Depot merger. Since 2008, she has served in several finance roles, including senior VP and chief accounting officer. Before her time at OfficeMax, O'Connor worked with ServiceMaster for more than 15 years, most recently as senior VP and controller. At ServiceMaster she was charged with overseeing the acquisitions of Terminix, TruGreen/ChemLawn, American Home Shield and Merry Maids. Story

Suggested Articles

Costco changes up its menu items, and Alibaba and Guess partner for a physical store.

Janey Whiteside, Walmart's new chief customer officer, is well acquainted with the importance of customer service in modern retail.

Whole Foods will offer deals on Amazon's Prime Day, and tariffs against China are causing pricing hikes.