Gold Price Rebounds as U.S.-Iran Tensions and Fed Minutes Keep Markets on Edge 
Kitron Q2 Revenue Beats Estimates as Defense Demand Lifts Growth 
Mizuho’s Top U.S. Industrials Stocks: Why Corteva and Stanley Black & Decker Stand Out 
Dollar Ends Week Higher as Yen Jumps on Japan Pension Fund Investment Plans 
Wolfspeed Sues Navitas Over GaN and SiC Patent Infringement 
Gold Prices Slip as U.S.-Iran Conflict, Fed Rate Hike Bets Pressure Precious Metals 
Gold Prices Set for Weekly Loss as Iran Tensions and Fed Rate Outlook Weigh 
European Regulators Clash With U.S. Treasury Over Private Credit Transparency 
SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO 
SK Hynix’s $28 Billion U.S. Share Sale Draws Massive Demand Amid AI Chip Boom 
Japan Wholesale Inflation Jumps as Energy Shock Drives Import Costs Higher 
Oil Prices Slip but Stay on Track for Weekly Gains as U.S.-Iran Conflict Persists 
Japanese Yen Rises as Pension Fund Plan and BOJ Rate Hike Bets Weigh on Dollar 
Oil and LNG Tankers Turn Back as Strait of Hormuz Security Risks Escalate 
OpenAI GPT-5.6 Set for Wider Release After U.S. Commerce Approval, Report Says 
BHP Faces Port Hedland Strike Threat as Iron Ore Export Risks Grow 
Japan Eyes Bigger GPIF Investment in Domestic Assets as BOJ Independence Concerns Grow 
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
