Walmart has named a new CEO after the international president and chief executive Judith McKenna announced that she is retiring from her role after more than two decades with the US retail giant.
The retailer confirmed that Kath McLay – who joined Walmart in 2015 – will take over the role following McKenna’s departure and will now run the international business that spans 19 countries, including China.
As president and CEO of Sam’s Club US, she achieved 12 straight quarters of double-digit sales growth, prioritising the improvement of merchandise quality and an expansion of Walmart’s omnichannel capabilities.
McKenna will step down from her role as boss of Walmart International on September 11, but will “remain with the company until January to help ensure a smooth transition”, the company said.
Walmart president and CEO Doug McMillon also announced that Chris Nicholas has been confirmed as the new president and chief executive of Walmart-owned US chain Sam’s Club.
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McMillon expressed his gratitude for McKenna’s contributions and highlighted her journey within the company.
Starting as the chief financial officer of Walmart’s business in the United Kingdom, McKenna progressed to become the chief operating officer of Asda and played a crucial role in transforming Walmart into an omnichannel business.
In 2021, Walmart saw its online revenues slump despite clawing back a chunk of the grocery market.
