BENTONVILLE, AR - In an internal memo dated Friday and viewed by Reuters, Walmart has revealed major changes to its leadership team, including its food divisions.
According to the Reuters report, Shawn Baldwin, Senior Vice President and General Merchandise Manager for Produce and Global Food Sourcing will have a new focus on the Hispanic market. In his place will be Martin Mundo, Senior Vice President of Operations.
While Walmart has not responded to requests for comment, the Reuters report continued on to share that Charles Redfield, Executive Vice President for Food, said that the company is positioning leaders from the company in new roles so it can deliver and win at a time when retail is constantly changing.
In addition, Walmart named Greg Hall as Senior Vice-President of Merchandise Operation for Food.
The news comes on the heels of last weeks corporate restructuring announcement, as the retailer takes on a series of job cuts in an attempt to “right-size” and acclimate to the shifting retail landscape.
“As we said in January, we’re continuing to look at how the company is structured, which includes investing in and adding jobs in some areas and eliminating some in a few others,” Walmart told Talk Business & Politics, in a response to the outlet’s inquiries. “This is all about aligning and creating efficiencies as we change how we work to seamlessly serve our customer through our stores and e-commerce.”
What other measures will the company take to shore up against the turbulence in the retail sector? Stay tuned to AndNowUKnow as we continue to report.
