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BENTONVILLE, Ark. -- Wal-Mart Stores, Inc. said yesterday that Lawrence Jackson, president and c.e.o. of global procurement, had resigned from the company, to spend more time with his family. To replace him, Jeff Macho has been promoted to s.v.p. of global procurement, effective immediately, Wal-Mart said.
Jackson, who had assumed the position only nine months ago, will stay on until Feb. 9 to help in the leadership transition. Macho is based in Shenzen, China, and will report to vice chairman John Menzer.
"We have been fortunate to have had the benefit of Lawrence's experience and drive over the past two years," said Wal-Mart president and c.e.o. Lee Scott in a statement. "He has been passionate about keeping us focused on our customer and has played a big role in moving our business forward during his time here."
Jackson joined Wal-Mart in 2004 from Dollar General Corp., where he was president and c.o.o. He has also held a wide variety of positions in Safeway, Inc. and PepsiCo, Inc. Wal-Mart said he "hit the ground running" when he came to Wal-Mart as e.v.p. of the company's human resources division.
In April of last year, he was promoted to president and c.e.o. of global procurement, leading the company's efforts for quality products and ethical sourcing in some 60 countries.
Macho has been working in the global procurement field for 13 years. He joined Wal-Mart in 2005 as v.p. and managing director of apparel merchandising in global procurement. Before Wal-Mart, he was v.p. and managing director for the International Buying Offices for Sears, based in Hong Kong. There he was responsible for all buying and quality assurance offices in 21 locations worldwide. He has also gained extensive experience at other retailers, holding positions ranging from buyer to divisional vice president at retailers including Dayton Hudson, the former May Department Stores, and Federated Department Stores.