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Sears Holdings names CFO
Hoffman Estates, Ill. -- Sears Holdings Corp. said Tuesday it has named Robert A. Schriesheim as executive VP and CFO.
Schriesheim’s position as executive VP is effective immediately, and he will begin his CFO duties on Aug. 22.
Schriesheim most recently was CFO for Hewitt Associates, leading the company's global financial and administrative roles until its merger with Aon Corp. He replaces acting CFO Bill Phelan. -
Wal-Mart shakes up e-commerce leadership
Bentonville, Ark. -- According to reports by Reuters and Bloomberg on Friday, Wal-Mart Stores is transferring management of its e-commerce business to store-level leadership in developed countries and said that two online executives are leaving the company.
According to the reports, e-commerce leaders in markets such as the United States, Canada and the United Kingdom, will now report directly to the heads of stores in those countries instead of global e-commerce executive Eduardo Castro-Wright.