(Adds background on other executives, stock activity)
CHICAGO Jan 7 Wal-Mart Stores Inc (WMT.N) said
Doug McMillon, head of its Sam's Club division, will become
president and CEO of Wal-Mart International next month as the
world's largest retailer increasingly looks overseas to fuel
McMillon, 42, will report to Mike Duke, 59, who had held
the top international post and is set to succeed Lee Scott as
Wal-Mart's CEO next month.
The top role at Wal-Mart International, the retailer's
second-largest unit, can be seen as a stepping stone to even
higher positions at the world's largest retailer.
John Menzer had also been president and CEO of Wal-Mart
International before being promoted to vice chairman in 2005.
Menzer retired from Wal-Mart in 2008.
Both Duke and McMillon take on their new roles on Feb. 1.
Scott is staying on as chairman of the executive committee of
Wal-Mart opened its first international store, a Sam's Club
near Mexico City, in 1991. Wal-Mart International now has more
than 3,300 stores and accounts for about 25 percent of the
Duke has overseen Wal-Mart's international operations since
2005 and is fond of saying the retailer should "major in the
majors" -- focus expansion on global markets where it can
become a big player instead of simply planting a flag.
Under that strategy, the retailer exited its business in
Germany and South Korea in 2006 and has pursued growth in
countries such as China, Mexico and Canada. Last month,
Wal-Mart launched a $2.7 billion tender offer for Chile's
leading supermarket D&S DIS.SN DYS.N.
McMillon started working at Wal-Mart as an hourly
associate, unloading trucks at a distribution center while
Wal-Mart said it would name a new president and CEO of
Sam's Club at a later date.
Shares of Wal-Mart were up 15 cents to $56.17 in morning
(Reporting by Jessica Wohl, editing by Maureen Bavdek and