Walmart's long-time VP of investor relations, Carol Schumacher, is leaving to pursue another job opportunity, Walmart spokesperson Randy Hargrove told FierceRetail.
Schumacher spent 11 years at the big-box retailer, starting as VP of corporate affairs in 2004. News of her departure comes just one month after Walmart announced that 1,000 job will be cut at its headquarters by Nov. 1, and two months after former Walmart Chairman Rob Walton retired, leaving the role to his son-in-law, Greg Penner.
There has not been an announcement from the company where she will be taking the new role, but Hargrove confirmed Schumacher will be based in the Southeast.
As VP of investor relations, Schumacher led the growth of the department, evolved Walmart's annual report into a digital format, relaunched the corporate investor relations website, improved the earnings release to include easy-to-read infographics, and set the guidelines for how Walmart shares financial news through social channels.
An executive search to replace Schumacher is underway. Pauline Mohler, senior director of corporate finance, will serve as interim VP of investor relations until the search is complete. Schumacher's last day at Walmart will be Aug. 21. Story