Vice Chairman Coughlin Leaving Wal-Mart
December 13, 2004-- Home Textiles Today,
Bentonville, Ark. — Thomas Coughlin, vice chairman of Wal-Mart Stores, Inc., will retire on Jan. 24, after over 25 years with the company.
Coughlin began his Wal-Mart career in 1978 in the company’s security division, and was named vice chairman of Wal-Mart and elected to the Wal-Mart Board of Directors in April of 2003. Coughlin will serve out his remaining term on the Wal-Mart board through the company’s annual shareholder meeting on June 3.
Coughlin’s current responsibilities include the Wal-Mart stores, Sam’s Club and Walmart.com businesses in the United States, and the following company divisions: Logistics, Real Estate, Store Planning, Global Procurement, Compliance, and the company’s Diversity Office.
Upon Coughlin’s retirement, his responsibilities will be assumed by the following people:
The Wal-Mart Stores division in the United States will continue to report to Mike Duke, president and CEO of Wal-Mart Stores, USA. In addition, Duke will assume responsibility for the company’s Logistics division and the Wal-Mart Stores Finance and Compliance office. Duke will now report directly to Lee Scott.
The Sam’s Club division in the United States will now report directly to Scott. Kevin Turner is president and CEO of Sam’s Club.
The company’s Global Procurement division, which coordinates Wal-Mart’s direct buying programs in the United States and overseas, will now report to John Menzer, president and CEO of Wal-Mart’s international business. Menzer reports to Scott.
The company’s Real Estate and Store Planning division will now report to Tom Hyde, executive vice president of Legal and Corporate Affairs. Hyde reports to Scott.
The company’s Walmart.com division will now report to Tom Schoewe, executive vice president of Finance and chief financial officer for Wal-Mart Stores, Inc. Schoewe reports to Scott.
Wal-Mart’s newly established Diversity Office will report to Lawrence Jackson, who was hired recently as executive vice president of the company’s People division. Jackson reports to Scott.
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