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Walmart Inc. has appointed a new chief merchandising officer just a few days after Charles Redfield vacated the role. The retail chain giant chose a company veteran as his replacement and named Latriece Watkins as the new CMO in the U.S. office.
Watkins’ promotion is not questionable because she has been with Walmart for 24 years now. In her more than two decades of service in the company, she has held several job posts in Walmart U.S. and its affiliate, Sam’s Club. Prior to her new assignment, she was the executive vice president of the consumables unit of Walmart.
According to Reuters, the leadership change was expected because the company’s president and chief executive officer, John Furner, already announced to associates that Redfield is stepping down. Then again, the outgoing CMO will still have a role at Walmart as part of the advisory team and will provide continuous support to the business in the U.S. Redfield has been serving Walmart for 32 years now.
It was noted that Watkins is taking over the chief merchandising job at a time when consumer spending power has been greatly diminished by high inflation, which has hurt Walmart. The slow sales also prompted the company to adopt a guarded stance in the retail business this year. At any rate, Watkins’ appointment was announced to the employees through an internal memo coming from Walmart’s CEO.
“We have a rich history of strong leaders who embrace this constant change, set bold visions for our teams and best represent the humanity that is Walmart,” TalkBusiness.net quoted Furner as saying in the memo that was sent out via email.
The Walmart chief added, “I have long admired those qualities in Latriece Watkins and her enthusiasm, talent and deep experience helped establish the omni-merchandising strategy we have today, and her focus on customers and members will only strengthen our position in the future.”
Photo by: Marques Thomas/Unsplash
