- Signs for push-out forces
- After five years on the job
- John Furner taking over
(management-change.com) — Bentonville, Arkansas, January 06, 2017 — Roz Brewer, top manager of Wal-Mart, leaves. It is a change at short notice. As announced by Wal-Mart Stores, Inc. in a regulatory filing published on Friday, January 06, 2017, Rosalind Gates (Roz) Brewer, Chief Executive Officer of the Sam’s Club segment, leaves the retailing corporation in a surprising move after five years on the job, effective February 01, 2017.
Brewer’s duties are taken over by John Furner, most recently Chief Merchandising Officer of Sam’s Club at Wal-Mart Stores, Inc.
No reason given
In the announcement, Wal-Mart did not explicitly explain the reason for Brewer’s imminent move, opening the door for speculation.
Wal-Mart said: “On January 5, 2017, Rosalind G. Brewer … notified Wal-Mart Stores, Inc. … of her intent to retire from employment with the Company effective February 1, 2017.”
Precise information about the future plans of Brewer was not immediately available.
Share price decline
The change follows a decline in the share price of Wal-Mart Stores, Inc. since January 2015.
Chaired by Gregory B. Penner
Wal-Mart Stores, Inc. is chaired by Gregory B. Penner.
Elected as chairman of the Walmart Board of Directors in 2015, Penner is only the third person to serve in the position, following his father-in-law, Rob Walton, and company founder Sam Walton.
CEO: Doug McMillon
Doug McMillon is the president and chief executive officer of Wal-Mart Stores, Inc.
On the job as Chief Executive Officer of the Sam’s Club segment since 2012
Brewer has served as Executive Vice President, President and Chief Executive Officer of the Company’s Sam’s Club segment since February 2012.
Prior to her appointment to her current role, Brewer served as Executive Vice President of the Company’s Walmart U.S. segment, with responsibility for the Walmart U.S. eastern geographic business unit, beginning in February 2011.
Previously, Brewer had responsibility for the Company’s Walmart U.S. segment’s south and southeast geographic business units.
Brewer joined Walmart in 2006.
Sam’s Club is a members-only warehouse club channel with revenues of $57 billion for fiscal year 2016, 110,000 associates and more than 650 clubs.
She joined Sam’s Club, a division of Wal-Mart Stores, Inc. (Walmart), in 2012.
Brewer has implemented a growth strategy focused on technology and innovation, exciting and local merchandise and an expanded footprint, accelerating the growth of new clubs.
Brewer is a strong advocate for Sam’s Club’s many small business members and is also focused on e-commerce growth, giving members the convenience of shopping anywhere, anytime.
Brewer joined Walmart in 2006 as regional vice president, overseeing operations in Georgia. She later became division president of the Southeast, and then president of Walmart East.
Throughout her career, Brewer has served as a high-impact strategist with experience spanning global manufacturing operations, research and development, marketing and strategic business unit leadership.
She has focused relentlessly on revenue growth and customer satisfaction and has extensive expertise in turn-around assignments.
Brewer is also known for building strong teams, inspiring mentoring networks and having a passion for improving communities.
Before joining Walmart, she worked for Kimberly-Clark Corp. for 22 years, starting as a scientist and eventually becoming president of the Global Nonwovens Sector in 2004.
Brewer earned a bachelor’s degree in chemistry from Spelman College.
She attended the Advanced Management Program at The Wharton School and the Director’s College at the University of Chicago School of Business/Stanford School of Law.
Brewer serves on the board of directors for Lockheed Martin Corporation (NYSE:LMT), and because of her commitment to education, she is chair of the board of trustees for her alma mater, Spelman College.
Signs for push-out forces
It is not completely certain what forces eventually triggered Roz Brewer’s move.
The Push-out Score™ determined by management-change.com suggests that push-out forces may have contributed to the management change.
Read the full story in the management-change.com report 02.2017 ($).