Retail News

Duke to Become Next CEO of Wal-Mart Stores

The Associated Press/The Washington Post 11/21/2008

Mike Duke, vice chairman of Wal-Mart Stores international division, will become the company’s new president and CEO in February when Lee Scott retires. Mr. Scott will remain on as company chairman. Eduardo Castro-Wright, the head of the retailer’s U.S. business, will be promoted to vice chairman of the company.

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