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John Menzer retires from Wal-Mart
21 Jan '08
3 min read
He was promoted to vice chairman in 2005. In this role Menzer led the company's U. S. real estate strategy to maximize capital efficiency and slow the opening of new stores. He also led the teams that drove the company's growth in financial services, improved benefits plans for associates and increased the effectiveness of its direct sourcing group.
Menzer was named “Retailer of the Year” on behalf of Wal-Mart International in 2004 by DSN Retailing Today. He also received the 1999 CFO Excellence Award from CFO Magazine. He has been a frequent keynote speaker at industry conferences, and has served on the 21st Century Economic Advisory Committee of the Department of Commerce and the American Health Information Community of the U. S. Department of Health and Human Services. He is also vice chairman of the Council on Competitiveness.
Following Menzer's announcement, the company will move major support functions into the individual businesses to achieve tighter focus, alignment and accountability. Responsibility for the logistics and real estate divisions will be assumed by Eduardo Castro-Wright, president and CEO of Wal-Mart Stores U. S. The company's information systems division will report directly to CEO Lee Scott and Vice Chairman Mike Duke will now have responsibility for global procurement.
Menzer was named “Retailer of the Year” on behalf of Wal-Mart International in 2004 by DSN Retailing Today. He also received the 1999 CFO Excellence Award from CFO Magazine. He has been a frequent keynote speaker at industry conferences, and has served on the 21st Century Economic Advisory Committee of the Department of Commerce and the American Health Information Community of the U. S. Department of Health and Human Services. He is also vice chairman of the Council on Competitiveness.
Following Menzer's announcement, the company will move major support functions into the individual businesses to achieve tighter focus, alignment and accountability. Responsibility for the logistics and real estate divisions will be assumed by Eduardo Castro-Wright, president and CEO of Wal-Mart Stores U. S. The company's information systems division will report directly to CEO Lee Scott and Vice Chairman Mike Duke will now have responsibility for global procurement.
Wal-Mart Stores Inc
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