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Wal-Mart CEO Staying Put

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There were some rumblings this week that there would be a change at the world's largest retailer. But according to Supermarket News, a memo was passed around the company denying that rumor.

“There was no truth to any of it, and it was inaccurate reporting on behalf of Advertising Age,” she said Castro-Wright told the store managers, referring to a report by the magazine on Tuesday that he would be shifted to an international post and succeeded by Doug McMillon, the current CEO of the company's Sam's Club division.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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