Walmart, Sam’s Club name new chief merchants
BENTONVILLE, Ark. — On the same day that it announced a new CFO, Walmart has filled its empty chief merchant spot and named other executives to key leadership roles within the organization, including a new head merchant at Sam’s Club.
Steve Bratspies was named chief merchandising officer for Walmart U.S. stores, effective Oct. 19, 2015, filling a position that had been vacant since the departure of Duncan Mac Naughton a year ago. Bratspies will oversee all merchandise categories across more than 4,500 stores in the U.S. business and will continue to report Walmart U.S. president and CEO Greg Foran.
"Steve is a true leader and an example of the rich talent that exists within the merchandise organization,” said Foran. “His outstanding merchandising instincts and commitment to innovation and price leadership will challenge the status quo to serve our customers better.”
Most recently, Bratspies served as the executive vice president of food for Walmart U.S. where the retailer credited him with overhauling the retailer’s grocery aisles with a focus on improving its fresh offering and expanding its private brand and global sourcing capabilities. Bratspies joined the company in 2005, initially in a marketing role, and later transitioned to merchandising. Prior to joining Walmart, Bratspies served as chief marketing officer for specialty brands at Frito-Lay.
“Walmart is known for its world-class merchandising organization. From the buyers and replenishment managers to our merchandise operations experts, it’s a dedicated team with a commitment to serving customers that I’m honored to lead,” Bratspies said. “Going forward, we’ll continue our relentless focus on our customers – we’ll move with speed and conviction to ‘super-serve’ the millions who shop Walmart. We will stay true to our mission by strengthening our commitment to everyday low prices, optimizing our assortment and winning at omnichannel retailing through strong partnerships with suppliers and a continued investment in our associates.”
Bratspies promotion created an opportunity for Walmart to shift Charles Redfield from his role and Sam’s Club’s executive vice president of merchandising to the role of executive vice president of food for Walmart U.S. Redfield joined Sam’s Club in 1988 as a cashier and moved up the ranks to serve in several operational and merchandising leadership roles, including chief merchandising officer at Asda.
Filling Redfield’s role, is long time Sam’s merchant John Furner. He was previously serving as chief merchandising and marketing officer at Walmart China.e
Walmart names new CFO
BENTONVILLE, Ark. — After more than two decades in top finance roles at Walmart, Charles Holley, 59, is stepping down as CFO at the world’s largest retailer.
Succeeding Holley will be Brett Biggs, a well-rounded finance executive who joined Walmart in 2000 and has held key roles in each of the retailer’s divisions.
“Brett is a strong leader whose broad experience uniquely qualifies him to lead our finance and strategy areas,” said Walmart President and CEO Doug McMillon. “Having had a variety of important roles in all three of Walmart’s business segments, Brett is well prepared. He thoroughly understands Walmart’s operations, how we intend to compete in a dynamic and changing retail environment and how we can best serve customers, associates and shareholders.”
Since January 2014, Biggs has served as executive VP and CFO of Walmart International. Prior to that, Biggs served as CFO Walmart U.S. from January 2012 until January 2014, and as senior VP of Sam’s Club operations, from September 2010 until January 2012. Biggs joined Walmart in 2000 and served in a variety of roles including senior VP and CFO of Sam’s Club, senior VP corporate finance and assistant treasurer, and senior VP, international strategy and mergers and acquisitions.
Prior to joining Walmart, Biggs worked at Leggett & Platt on its mergers and acquisitions team. Prior to that, he was an accountant at Phillips Petroleum Company, now ConocoPhillips, and an auditor at Pricewaterhouse LLP, now PricewaterhouseCoopers LLP.
In succeeding Holley, Biggs replaces an executive McMillon credited with guiding Walmart global finance and strategy areas during a period of immense growth and change.
“He has been instrumental in shaping Walmart’s strong financial position while driving significant shareholder returns,” McMillon said of Holley. “One of Charles’ strengths is also talent development and succession planning. Under his leadership, Walmart’s finance function has transformed into a best in class organization that is both strong and deep, highlighted by today’s appointment of Brett as our new CFO.”
Holley joined Walmart in 1994 and became CFO in 2010 and also served as CFO of the international division. He also held roles as executive VP, finance and treasurer, chief risk officer, controller and senior VP of finance over accounting, tax, financial reporting and investor relations.