Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Robinhood Expands Sports Event Contracts With Player Performance Wagers 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Walmart Inc. announced this week that it has appointed Kathryn McLay as the new chief executive officer of its international unit. She will be succeeding Judith McKenna, who is set to retire on Jan. 31, 2024.
The appointment means Walmart promoted McLay, the CEO of the company’s Sam's Club subsidiary. According to Reuters, She will take over the chief role at Walmart International on Sept. 11.
The retail giant revealed the leadership changes through its recent regulatory filing. The newly-appointed CEO will take the reins to lead Walmart’s $100 billion international business when high inflation has strained customers' spending in various markets overseas.
McLay is an Australian who first entered Walmart in 2015. She held different high-level executive positions within the company’s supply chain operations in the United States as well as neighborhood markets business. Prior to working at Walmart, she worked for Qantas Airlines and Woolworths, an Australian retail chain.
Once she starts working in her new role, McLay will manage a business covering 19 countries. On the other hand, McKenna is stepping down after serving Walmart for 27 years.
“I am thankful for the depth of leadership in our company, and I am excited to see Kath McLay step into the role of president and CEO of Walmart International,” Walmart’s president and CEO, Doug McMillon, said in a letter that was sent to the company’s associates. “Kath joined our company in 2015 after roles in strategy and supply chain, she led our Neighborhood Market business before becoming the president and CEO of Sam’s Club U.S., where she and our team delivered 12 straight quarters of double-digit sales growth.”
McMillon added, “She prioritized a member-centric culture, the improvement of our merchandise quality and an expansion of our omnichannel capabilities. Kath moved to the U.S. from Australia to join Walmart after spending the early part of her career with Woolworths and Qantas. She will do a phenomenal job leading our International business.”
Photo by: Walmart Media Library
