Walmart’s new CEO: Reading the tea leaves

A succession plan at a huge, visible company like Walmart or GM is worth watching closely. In Walmart’s case, the horse race between William Simon and Doug McMillon (who got the job) appeared competitive, but lagging comp sales in the U.S. threw the advantage to Mr. McMillon. Here’s my opinion from a recent RetailWire commentary:

Bypassing Mr. Simon signals that Walmart is not as happy with its U.S. business as the article suggests. Mr. McMillon’s challenges include continuing to grow the company’s e-commerce and international businesses, but he also needs to figure out how to restart the domestic volume beyond its food and commodity categories heavily dependent on its most economically stressed customers. It sounds like the new CEO is well prepared for the job, especially having the “home-grown” credibility so important to the Walmart culture.

Advertisements

0 Responses to “Walmart’s new CEO: Reading the tea leaves”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s





%d bloggers like this: