International

Walmart Throws Big Executive Behind UK Push

Walmart Juggles Execs

With a retailer as big as Walmart, it should be understandable that the makeup of their executives changes every few years, or at least as often as their international priorities do. And now that Walmart's UK business needs a kick in the pants, there have been some moves to bring its leadership more in line with a new vision.

Walmart announced Monday (June 13) that Andy Clarke, head of its UK-based Asda supermarket chain, was being replaced effective July 11 by Sean Clarke (no relation) who is CEO of Walmart's China operations. Andy Clarke had been with Walmart and Asda for more than 20 years, and the other Clarke's appointment signifies a new direction for the brand's UK grocery business considering the experience its new head has working in a boom market.

David Cheesewright, president and CEO of Walmart International, praised Sean Clarke's potential to change its future in the UK.

“Actively managing our global business portfolio is a key element of our international strategy, and we must have the right talent in place to lead our businesses through times of change," Cheesewright said in a statement. “Sean is one of our most experienced global executives, and through his leadership we will build upon the momentum of Project Renewal to reposition Asda in a very competitive market place."

According to some, like Sanford C. Bernstein analyst Richard Clarke (again, no relation), the departing Clarke shouldn't have found this as any particular surprise.

“People have been calling for Andy Clarke’s head for a long time,” Clarke told Bloomberg. “As the performance of all of the other UK supermarkets has gotten better, Asda’s has gotten worse.”

——————————

LIVE PYMNTS TV OCTOBER SERIES: POWERING THE DIGITAL SHIFT – B2B PAYMENTS 2021 

Banks, corporates and even regulators now recognize the imperative to modernize — not just digitize —the infrastructures and workflows that move money and data between businesses domestically and cross-border.

Together with Visa, PYMNTS invites you to a month-long series of livestreamed programs on these issues as they reshape B2B payments. Masters of modernization share insights and answer questions during a mix of intimate fireside chats and vibrant virtual roundtables.

Click to comment

TRENDING RIGHT NOW