A Walmart store seen on February 3, 2026 in Austin, Texas.
Brandon Bell | Getty Images
Two high Walmart Executives are leaving the company, nearly four months after CEO John Furner took over, CNBC learned Friday.
Tom Ward, chief operating officer of Walmart’s Sam’s Club warehouse, is retiring, while Cedric Clark, executive vice president of Walmart’s U.S. store operations, is leaving the company, according to internal memos seen by CNBC.
A replacement for Clark is expected to be announced in the “coming weeks,” the memo said. It’s unclear when the company plans to fill Ward’s position.
The management shakeup comes after Furner took over as CEO of Walmart in February. Along with Furner’s promotion, the company named four new senior executives to work alongside him earlier this year. Seth Dallaire was promoted to chief growth officer, overseeing the company’s marketplace and advertising activities, David Guggina was elevated to CEO of Walmart US, Chris Nicholas became CEO of Walmart International, and Latriece Watkins became CEO of Sam’s Club.
Furner bought the largest U.S. retailer during a period of sustained growth, fueled by gains among higher-income consumers and the expansion of its e-commerce business.
Walmart reported its first-quarter financial results Thursday, where it reported mixed results and said its business remained strong despite consumer pressures and high gas prices.
The leadership changes were first reported by The Wall Street Journal.