WALMART INC. 
By BENTONVILLE, Ark., Jan. 20, 2012/PRNewswire/ -- As it approaches its new fiscal year, Wal-Mart Stores, Inc.
"We are very intentional about developing talent to meet the needs of our rapidly growing business worldwide," said Walmart PresidentCEO Mike Duke. "The promotions we are announcing today are clear evidence that our successionmanagement development programs work,that we have highly talented, well-roundedexperienced business leaders ready to step into larger roles when the opportunities arise."
CurrentSam's ClubPresidentCEOBrian Cornell,52, recently informed the company that hehis wife would like to move back to the Northeast for family reasons.
With his departure,Rosalind G. Brewer, 49, is promoted to presidentCEO of Sam's Club, reporting to Duke, effective Feb. 1. Brewer was most recently president of the Walmart U.S. east business unit, where she was responsible for more than $100 billionin annual revenue, representing almost 1,600 storesmore than 500,000 associates. Brewer was also the first chairperson of the Walmart President's Council of Global Women Leaders.
"Roz came to us with an outstanding background in consumer packaged goods more than five years ago," said Duke. "During that time I have seen her develop into a talented merchantretailer. She has strong strategic, analyticaloperational skillshas successfully managed a largecomplex business. I've also been struck by Roz's servant leadership when I have visited stores with her. She always lets her team do the talking, with her focus being on how to better support their needs."
Prior to Walmart, Brewer worked for Kimberly-Clark, progressing through various positionseventually becoming president of a key business sector in 2004. She is a director of the Lockheed Martin Corporation (NYSE:LMT)currently serves as Chair of the Board of Trustees at her alma mater Spelman College. She was also selected one of the Most Powerful Women in Business by Fortune Magazine in 20102011.
In speaking about Cornell, Duke said, "Brian has done a terrific job at Sam's Club. He is a strong, high-energy leader who has delivered great resultsleaves behind a business with outstanding momentum. In addition to building a talented, high-functioning team to run that business, he has also developed other leaders who now hold senior positions around the globe."
"Being part of the Sam's Club family has been a wonderful personalprofessional experience, one that I will always value," said Cornell, who is leaving at a time of strength for that business. "I have felt at home herehave a strong connection to the associates, the companyits valuesmission. However, after 30 years of asking my family to follow me all around the globe, it is time to put them first. My wifeI want to put down roots in the Northeastlive in the same ZIP code as our children - not just occasionally seeing them in hotelsrestaurants."
Rollin Ford, 49, is promoted to chief administrative officer (CAO) for the company, effective Feb. 1.
