South Korea's Capital Markets Rebound as Foreign Investors Return 
Oil Prices Plunge as Strait of Hormuz Reopens Amid U.S.-Iran Ceasefire Talks 
Australia Extends Fuel Sulphur Relaxation Amid Iran War Supply Disruptions 
Chile's Kast Unveils 40-Point Economic Reform Package to Boost Growth 
Samsung Races to Deliver Next-Gen HBM4E Memory Samples to Nvidia 
U.S. Stock Futures Rise as S&P 500 and Nasdaq Reach Record Highs 
Japan to Subsidize Sony's Image Sensor Plant in Kumamoto with $380 Million 
KKR's $820M Investment Fuels Samsung SDS AI Expansion, Sending Group Shares Soaring 
China's Economy Shows Resilience Amid Global Headwinds in March 
Dollar Retreats as Strait of Hormuz Reopens, Easing Safe-Haven Demand 
Iran Closes Strait of Hormuz Again After Brief Reopening, Rattling Global Energy Markets 
Sam Altman Moves to Dismiss Punitive Damages in Sister's Sexual Abuse Lawsuit 
Oil Prices Dip as Middle East Peace Hopes Grow Amid Iran-U.S. Talks 
Singapore's Non-Oil Domestic Exports Surge 15.3% in March 2026 on AI Demand 
Elliott Investment Takes ~3% Stake in Daikin, Pushes for Buybacks and Strategic Overhaul 
OpenAI's $20 Billion Cerebras Deal Signals Massive AI Infrastructure Push 
U.S.-Iran Ceasefire Uncertainty Keeps Oil Prices Under Pressure 
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
