Wal-Mart’s U.S. chief administrative officer to step down

New York -- Wal-Mart Stores on Thursday confirmed a report from the Wall Street Journal that its U.S. chief administrative officer, Tom Mars, will step down in March. The company did not give a reason for his departure.



Mars has been with the chain for more than a decade. He served as the chain’s general counsel from 2002 to 2009, and was involved in an investigation into bribery allegations regarding a Wal-Mart store built near the Mexican pyramids, according to company emails released in January by members of Congress, Reuters reported.