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Significant executive moves are in motion at Wal-Mart Stores Inc. Steve Bratspies, most recently EVP of food for Walmart U.S., has been elevated to chief merchandising officer for U.S. stores, effective Oct. 19, while Brett Biggs, currently EVP and CFO of Walmart's International division, has been named to succeed Charles Holley as CFO of when the latter retires on Dec. 31.
Additional leadership changes at Walmart include the appointment of Charles Redfield to the position of EVP of food for Walmart U.S., and John Furner to the role of EVP, merchandising for Sam's Club, Redfield's previous position. Furner's latest role was chief merchandising and marketing officer at Walmart China.
In his new post, Bratspies will oversee all merchandise categories across more than 4,500 stores in the U.S. business and will continue to report to Greg Foran, Walmart U.S. president and CEO.
"Steve is a true leader and an example of the rich talent that exists within the merchandise organization," noted Foran. "His outstanding merchandising instincts and commitment to innovation and price leadership will challenge the status quo to serve our customers better."
Credited for revamping Walmart's grocery aisles to enhance the fresh offerings and expand private brands and global sourcing capabilities in his most recent role as EVP of food, Bratspies join the world's largest retailer in 2005 and has held several leadership positions in marketing, dry grocery and general merchandise. Before Walmart, Bratspies was chief marketing officer for Specialty Brands, and held roles in finance, new ventures and marketing at Frito-Lay, as well as consulting posts with A.T. Kearney and Andersen Consulting.
“Walmart is known for its world-class merchandising organization,” said Bratspies. "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.”
Looking ahead, Bratspies said that he intends to "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 omni-channel retailing through strong partnerships with suppliers and a continued investment in our associates."