Walmart's chief merchandising officer rumored to leave

Walmart's (NYSE:WMT) chief merchandising officer is expected to announce his departure this week, according to people familiar with the matter. Duncan Mac Naughton, who started with Walmart as chief merchandising officer of Canadian operations in 2009, took on his current role in 2010.

Mac Naughton has struggled to boost sales during two years of declining traffic, reported the Wall Street Journal. In the most recent quarter, the company posted a 0.5 percent gain, its first sales increase since 2012.

A spokesperson and Mac Naughton himself declined to comment on the matter.

At one point, Mac Naughton was a potential successor to U.S. CEO Bill Simon when he announced he was leaving the company in July. However, the executive was passed over and Greg Foran, a New Zealander who was running the Asia division, was given the post. In addition, recent company restructuring moved the CMO under Foran, rather than Mac Naughton.

Back in June, the company announced a shakeup in its merchandising team, including 13 new executives in U.S. operations.

For more:
-See this Wall Street Journal article

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