Walmart shakes up leadership as Kath McLay exits and Sam’s Club names new CEO Latriece Watkins
Fortune • • business
Key Points:
- Walmart announced that Janey McLay will depart at the end of the month but will assist with the transition through Q1; she has been with Walmart for a decade and previously served as CEO of Sam’s Club and Walmart International.
- McLay’s departure follows a broader leadership reshuffle after she was reportedly passed over for the top job, with no details yet on her next career move.
- Latriece Watkins, Walmart U.S. chief merchandising officer responsible for 69% of Walmart’s $650 billion in annual product sales, will become CEO of Sam’s Club, marking a significant promotion for one of the highest-profile Black female executives in American business.
- Watkins has played a key role in diversifying Walmart’s merchandise to appeal to a
