Walmart's Chief Merchandising Officer to Depart Amid Leadership Shake-Up.
Charles Redfield, Walmart's chief merchandising officer, is leaving the company after 32 years, with his resignation effective May 1. Walmart U.S. president and CEO John Furner announced Redfield's departure in an internal memo to employees, stating that Redfield will "begin a new chapter in June spending more time with family." Redfield will stay on as an adviser, and a new merchandising chief will be named at a later date. The leadership shakeup comes as Walmart faces pressure from inflation and struggles with lower-margin grocery sales.