Vice Chairman Coughlin Leaving Wal-Mart

Longtime Executive Will Continue on Company’s Board Until June 3

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 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 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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