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Wal-Mart names Rosalind Brewer CEO of Sam’s Club; first female CEO in company history
Bentonville, Ark. -- Wal-Mart Stores announced a series of management changes that include an unexpected change in leadership at Sam’s Club, and a new chief information officer. The retailer said Sam's Club president and CEO Brian Cornell, 52, is resigning so that he and his wife can move back to the Northeast for family reasons. His departure comes as Sam’s has experienced strong sales growth.
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President of Old Navy resigns
San Francisco -- Gap Inc. announced Thursday that Tom Wyatt, president of Old Navy, will leave the chain, effective Feb. 3, 2012. The company named two senior Old Navy executives — Nancy Green, executive VP and chief creative officer, and Tom Sands, executive VP of stores and operations — to assume his duties while a search is held for a permanent replacement.
Wyatt, 56, was appointed president of Old Navy in 2008. He is leaving the chain to become the CEO of Portland, Ore.-based childhood education company Knowledge Universe.