Walmart names senior VP

Bentonville, Ark. Wal-Mart Stores announced Wednesday that it has promoted Jeff Davis to the position of senior VP and treasurer, effective Dec. 1.

In his new role, Davis will assume responsibility for treasury operations, capital markets, investor relations and risk management. Davis succeeds Charles Holley, who has been named to the position of executive VP and CFO, also effective Dec. 1.

Davis, currently senior VP finance and strategy for Walmart U.S., joined Walmart in 2006 as VP finance for the Walmart U.S. health and wellness merchandise unit.