Home Add to Favorite Contact Submit  
           29 March, 2024


    
Category:  Press » Finances

 

Walmart Elects Charles Holley New Chief Financial Officer

Popularity:
         Views: 1624
2010-09-30 00:12:47     
Wal-Mart Stores, Inc.

Wal-Mart Stores, Inc. (NYSE: WMT) today announced that its board of directors has elected Charles Holley, 54, to succeed Tom Schoewe as the company's chief financial officer. The change will be effective Nov. 30, and Schoewe will stay on until Jan. 31 to help with the transition.

"Charles has great experience both inside Walmart and externally," said CEO Mike Duke. "He is a talented strategist who also thoroughly understands the details of our business and the financial markets. As treasurer, he has helped drive the strategy behind the company's strong financial position and has made every organization he has led stronger.

"Charles has also played a strong role in pioneering the company's international expansion. He is respected within the company as well as by the investment community, and has been a key part of our strategic discussions for a number of years."

Duke said, "Tom has been a key member of Walmart's strategic team for the past decade and has overseen our financial functions during a period of tremendous growth and international expansion. During that time he played a leading role in strengthening our balance sheet and our financial controls, and in establishing the financial priorities of growth, leverage and returns that guide our business.

"One of Tom's greatest strengths is his focus on talent development, and he has built a strong and deep team across all our operations," Duke continued. "Under his leadership, the company has continued to increase its returns to shareholders, and through the first half of this fiscal year gave back $9.4 billion through dividends and share repurchase."

Holley joined Walmart in 1994 and is currently executive vice president, finance and treasurer. He is responsible for corporate strategy and planning, tax, investor relations, corporate mergers and acquisitions, risk management, and treasury operations, which includes capital markets and cash management. Before joining Walmart, Holley worked for Tandy Corporation (now Radio Shack) as managing director for its European Memorex division and served as director of finance for its international operations. He also spent more than 10 years with Ernst & Young.

Schoewe, 57, joined Walmart in 2000. Prior to that, he spent 14 years at Black and Decker, most recently as chief financial officer.

Both Holley and Schoewe are recognized leaders within the financial and retail industries and are active in community service.

Holley's successor will be named at a later date.

NOTE: Bios of Charles Holley and Tom Schoewe are available at: http://www.walmartstores.com. High resolution photos of both are available for downloading from the site.

About Walmart

Wal-Mart Stores, Inc., (NYSE: WMT) serves customers and members more than 200 million times per week at more than 8,400 retail units under 55 different banners in 15 countries. With fiscal year 2010 sales of $405 billion, Walmart employs more than 2 million associates worldwide. A leader in sustainability, corporate philanthropy and employment opportunity, Walmart ranked first among retailers in Fortune magazine's 2010 Most Admired Companies survey. Additional information about Walmart can be found by visiting www.walmartstores.com. Online merchandise sales are available at www.walmart.com and www.samsclub.com.

Specialized in: Financial Officer - Charles Holley - Elects
URL: http://walmartstores.com//default.aspx
Print press release      Bookmark this page
Related Press releases 
Atlas Insurance Agency Discusses Hawaii Commercial Property Insurance (Popularity: ): Honolulu, Hawaii ( press.abc-directory.com ) October 10, 2022 - Atlas Insurance Agency, a Hawaii property and casualty insurance agency, has recently delivered an article discussing the basics of Hawaii commercial property insurance. This new informational resource was written by the insurance agents at Atlas to provide business owners in Hawaii with information about business property coverage that is unique to their state. The Atlas team is made up of experienced ...
Georgia Business Insurance Agency Releases a New Educational Resource on Commercial Auto Insurance (Popularity: ): Alpharetta, Georgia ( press.abc-directory.com ) August 4, 2021 - Southern States Insurance has recently released a new educational resource that discusses commercial auto insurance and the details of coverage. The new blog is guided by the Georgia commercial auto insurance experts at Southern States Insurance who have extensive experience helping those in the commercial auto industry get thorough and comprehensive coverage.Southern States Insurance offers readers some valuable information that helps ...
Connecticut Business Insurance Brokers Discuss General Liability Coverage (Popularity: ): Norwalk, Connecticut (press.abc-directory) September 30, 2020 - The Connecticut business insurance brokers at JMG Insurance Agency recently released a new informational article that answers the question, "what does general liability insurance cover?". The new blog can be found on the company's website. The information in the article is guided by the insurance agency's extensive professional experience handling general liability plans and ensuring their clients are properly and comprehensively covered. Their ...
Illinois Cannabis Insurance Broker Explains Cannabis Insurance Coverage (Popularity: ): Los Angeles, California ( press.abc-directory.com ) November 02, 2019 - MFE Insurance, an Illinois cannabis insurance brokerage, recently released a blog discussing Illinois cannabis insurance coverage. Medical marijuana is a growing industry in the state of Illinois and it is important for cannabis dispensary owners to be aware of the potential liabilities of operating their business, as well as how cannabis insurance can protect them from them if they are ...
FAAIF Announces Introduction to Sukuk Two-Day Workshop at Sofitel Hotel in New York City October 11-12, 2014 (Popularity: ): New York, September 20, 2014 -- Camille Paldi, CEO of FAAIF, is excited to bring training in the sukuk structure to an American audience. Paldi says the time is now for the USA to enter the sukuk market as the UK has just issued a 200 million pound sukuk, bringing in funds for the UK government and businesses. Paldi emphasizes that the USA may get left behind if it does ...


Related Business 
CFO Jobs, Chief Financial Officer Jobs (Popularity: ): Search chief financial officer, chief executive officer, CEO, CFO, CIO, COO, CTO executive jobs careers employment job search job openings opportunities positions on CLevelCrossing.com job search powered by EmploymentCrossing.com - The most jobs - Anywhere.
Chief Operating Officer South Africa (Popularity: ): Working as Chief Operating Officer South Africa, the person is legitimate to cover all the social and economic aspects of the country that has raised a great hype in the international arena regarding his portfolio and experience.
AllianceTek Inc. (Popularity: ): AllianceTek is a Software Development company where experienced IT consultants offer business solutions. Whether you’re a chief executive officer, chief technology officer, business manager, entrepreneur or software vendor, we can help you connect with your customers, empower your employees, integrate with your vendors, or bring your vision to life.
Alliance Tek (Popularity: ): Alliance Tek is a Software Development company where experienced IT consultants offer business solutions. Whether you’re a chief executive officer, chief technology officer, business manager, entrepreneur or software vendor, we can help you connect with your customers, empower your employees, integrate with your vendors, or bring your vision to life.
Ardent Wealth Management (AWM) (Popularity: ): Ardent Wealth Management (AWM) is a Registered Investment Advisor (RIA) based in Scottsdale, Arizona. You are the Chairman of the Board and we act as your personal Chief Financial Officer by providing you with assistance with all areas of Wealth Planning. With proven results and experience needed for your asset management, AWM is built to provide a sound financial plan now and more importantly, for your future.
Bakhtavar & Associates, PLLC. (Popularity: ): Bakhtavar & Associates, PLLC is a full service law firm with an emphasis on business and real estate law located in Irving, Texas. Slater Bakhtavar is an experienced and dedicated corporate attorney. He was the former General Counsel of a national corporation where he served as the company's Chief Legal Officer and Chief Litigator.
FST Media Financial Services Technology (Popularity: ): FST Media Financial Services Technology is an Australian company offering annual conferences, C-level executive roundtables, weekly news broadcasts, exclusive CxO Leadership video interviews, podcasts, and webinars from banking industry. In FST Media’s latest CXO video interview, Andy Lark, Chief Marketing and Online Officer at CBA shares his insights into the effectiveness of social media engagement, the benefits of utilising dominant platforms and the bank branch of the future.
Roberts, Lawrence (Popularity: ): The chairman and chief technology officer of Caspian Networks is recognized as one of the foremost authorities on packet switching and network. Includes biography and publications.
Sweet Dreams Trading Company (Popularity: ): We started our service in January 2010 but our Chief Investment Officer (CIO) has been trading options since 1982 and stocks much longer and uses a variety of options trading strategies and techniques to reduce risk but still get high returns. Besides having a Master of Business Administration in Finance and a Bachelor of Science in Marketing / Economics, he also has a career background in the financial services industry. ...
Peace officer jobs (Popularity: ): Police jobs are available! We at Peaceofficerjobs know what it takes to become a police officer. In some areas of the country, obtaining police jobs is more competitive than others. However, by understanding and following the advice below, your chances of becoming a police officer or other law enforcement officer will increase dramatically. Find out what you need to know!