November 25, 2014 / 6:34 AM / 4 years ago

Wal-Mart chief merchandiser departs just before Black Friday: memo

Duncan Mac Naughton, chief merchandising and marketing officer, Walmart U.S., holds up a frozen dinner box at a Walmart U.S. associates meeting in Fayetteville, Arkansas June 4, 2014. REUTERS/Rick Wilking

(Reuters) - Wal-Mart Stores Inc (WMT.N) Chief Merchandising Officer Duncan Mac Naughton has decided to leave the retailer to pursue new opportunities, according to a company memo provided to media.

The move comes as Wal-Mart and other retailers gear up for the holiday shopping season.

Greg Foran, head of the retailer’s U.S. operations, said in the memo that he had decided not to name a new chief merchandising officer at this time and would have other team members report directly to him.

Reporting by Nathan Layne; Editing by Lisa Von Ahn

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