US: Wal-Mart Canada to search for new CEO
US retail giant Wal-Mart Stores is looking for a new CEO to head up its Canadian operations, after promoting Shelley Broader to president and CEO of Europe, the Middle East and Africa (EMEA).
Broader, who has served as president and CEO of Wal-Mart Canada since September 2011, will now lead the company's retail operations and oversee business development in Europe, the Middle East, Sub-Saharan Africa.
She will continue to have responsibility for the Canadian market until her successor is in place, reporting to Wal-Mart International president and CEO David Cheesewright.
He said Broader is the ideal person to "leverage the tremendous potential the EMEA region holds for our company".
Broader joined Wal-Mart Canada as chief merchandising officer in December 2010.
Wal-Mart operates more than 1,345 retail units in Canada, Sub-Saharan Africa and the UK, employing more than 285,000 people.
Last week, Wal-Mart became the latest retailer to cut hundreds of jobs in Canada in a move aimed at providing "improved service" to its customers and "enhanced career opportunities" for its employees. It has eliminated 750 roles - which make up less than 1% of its Canadian workforce.
Project Synopsis: MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity unde...
Wal-Mart Stores, Inc. (WMT) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by...
In 2008, the US-based multinational company Wal-Mart Stores acquired the Chilean hypermarket, supermarket and retail company D&S, which already owned more than 250 stores across the country. Every yea...
Bangladesh's apparel exports edged up by 1.7% in the first two months of the current fiscal year as buyers continue to remain cautious following last year's factory safety issues and subsequent strike...
Wal-Mart de México SAB de CV is the leading and most influential chained grocery retailer in Mexico. The company’s strategy is based on offering a wide range of products at affordable prices. Conseque...
- Li & Fung: China consumption to bring major change
- INTERVIEW: Crystal CEO rises to the challenges
- Innovation and e-commerce key to Nike's growth
- Pacific Crystal Textiles gears up for production
- Opinion divided on China cotton import cuts
- Addressing anaemia key to Cambodia productivity
- Chinese firm to invest in Ethiopian textile plant
- Textile value chain making Africa more competitive
- Activists slam dismissals at Sri Lanka shoe firm
- Columbia Sportswear hires global manufacturing VP