Wal-Mart CEO Staying Put

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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