Walmart promotes CEO of Sam’s Club to head International division

(Reuters) -Walmart Inc on Wednesday promoted Sam’s Club Chief Executive Kathryn McLay as the new head of its $100 billion international business, succeeding Judith McKenna, who is retiring.

McLay, 49, will take over the role effective Sept. 11, 2023 and report to Walmart (NYSE:) CEO Doug McMillon. McLay, an Australian, who joined the retailer in 2015 previously held high level positions within Walmart’s U.S. supply chain operations and neighborhood markets business.

Before joining Walmart she worked at retail chain Woolworths and Qantas airline.

“She’ll do a phenomenal job leading our International business,” Walmart CEO Doug McMillon wrote in a memo to employees.

Walmart also announced that Christopher Nicholas, currently chief operating officer of Walmart U.S., would replace McLay as CEO of Sam’s Club.

McKenna, 57, will spend time in the company in a transitional role before retiring on Jan. 31, 2024, the company said in a filing.

She will receive payments totaling $2.3 million over a two-year period following her retirement date as part of a retirement agreement.

Walmart reports second-quarter results on Thursday.