In its second management change in as many business days, Wal-Mart Stores on Monday (8 January) appointed Jeff Macho senior vice president of global procurement.

He succeeds Lawrence Jackson, president and chief executive officer of global procurement, who has resigned but will remain with Wal-Mart until 9 Februrary.

Macho, who has been vice president and managing director of apparel merchandising in the global procurement area since joining Wal-Mart in 2005, is based in Shenzen, China, and will report to John Menzer, vice chairman of Wal-Mart.

In a statement, Jackson tied his departure to personal considerations: "Throughout the past 30 years as I've built my career, my family has been unselfishly supportive. I now have three teenagers and have decided to spend more time with them and my wife. I've been at Wal-Mart during a time of almost unparalleled transformation and the company has given me a tremendous opportunity to learn and grow while contributing in key areas."

Lee Scott, president and CEO of Wal-Mart, said that Jackson "has been passionate about keeping us focused on our customer and has played a big role in moving our business forward during his time here".

Although Jackson came to Wal-Mart with a high-level resume, he wasn't considered a sourcing specialist. He joined the Bentonville, Ark-based discounter, the largest retailer in the world, in 2004 after serving as president and chief operating officer of Dollar General Corp and initially served as executive vice president with responsibility for human resources.

A veteran of Safeway and PepsiCo, he was promoted to his most recent post last April. He now expects to devote time to teaching, executive coaching and corporate board work, Wal-Mart said.

Macho is a former department-store merchant who worked as the Hong Kong-based vice president and managing director for the international buying offices of Sears prior to joining Wal-Mart two years ago and was responsible for buying and quality assurance offices in 21 different locations.

Earlier in his career, he served as a buyer, divisional merchandise manager and divisional vice president at divisions of Federated Department Stores, May Department Stores and Dayton Hudson.

Scott commented: "Jeff understands what the customer wants, what the customer needs and what we as a company need to do to deliver that."

Last Friday, as reported, Wal-Mart named Charles Holley executive VP of finance and treasurer and promoted Steve Whaley to senior vice president and controller.
By Arnold J Karr.