Walmart

Bentonville, Ark. -- As part of its answer on Tuesday to a New York Times article regarding compliance with the U.S. Foreign Corrupt Practices Act, Wal-Mart Stores VP corporate communications David Tovar announced that the retailer had appointed a global officer to oversee compliance.

The move is just one of the steps that Tovar outlined toward managing issues related to the 1970s law that forbids bribing foreign officials.

Wal-Mart has not yet identified the person who will fill the slot, or when it will be activated.
 

WASHINGTON — The National Retail Federation has named Bill Thorne SVP communications and public affairs. He will join NRF on June 1 to oversee the organization’s industry and public affairs communications strategy, including NRF’s Retail Means Jobs campaign, a multi-million-dollar initiative to demonstrate the power of retail to America’s economy and the career opportunities within the industry. Thorne currently serves as senior director, community affairs at Walmart.  

BENTONVILLE, Ark. — Amidst allegations of bribery at its Mexican affiliate, Wal-Mart Stores has created a new position. The global FCPA compliance officer will be responsible for ensuring that all Walmart divisions comply with the U.S. Foreign Corrupt Practices Act. This person will also oversee five FCPA compliance directors based in the international markets.

Bentonville, Ark. -- In response to the New York Times article about compliance with the U.S. Foreign Corrupt Practices Act, Wal-Mart VP corporate communications, David Tovar on Tuesday made the following statement:

Washington, D.C. -- The National Retail Federation announced that Bill Thorne has been named senior VP communications and public affairs. He will join NRF on June 1 to oversee the organization’s industry and public affairs communications strategy. Thorne currently serves as senior director Community Affairs at Walmart Corp.

NEW YORK — Wal-Mart Stores confirmed that it is investigating its operations in Mexico for possible violations of the U.S. law that prohibits bribery overseas. The acknowledgement came in response to a lengthy article by The New York Times on Saturday that alleged the giant discounter first learned of allegations of "widespread bribery" by its workers in the country in 2005 and that top executives subsequently covered them up. 

New York -- Wal-Mart Stores confirmed that it is investigating its operations in Mexico for possible violations of the U.S. law that prohibits bribery overseas. The acknowledgement came in response to a lengthy article by The New York Times on Saturday that alleged the giant discounter first learned of allegations of "widespread bribery" by its workers in the country in 2005 and that top executives subsequently covered them up. 

For the third time in the past five months, Walmart chief merchandising and marketing officer Duncan Mac Naughton is representing Walmart at a major investor conference. Smart move considering expectations of further U.S. same-store sales acceleration has served as a catalyst for Walmart shares, which are trading near a 52-week high.

Landfill operators got some bad news this week when Walmart said it prevented 81% of waste generated by U.S. stores from going to landfills. That nugget is just one example of the progress Walmart has made on its broad sustainability agenda and was among numerous others contained in the company’s 5th annual Global Responsibility Report released this week.

Walmart held another one of its sustainability milestone meetings this week and webcast the event live from the auditorium at its home office. By the time the hour-and-a-half event was over the senior executives who participated had delivered a clear and consistent message around the company’s wide-ranging sustainability efforts.