February 3, 2026 at a Walmart store in Austin, Texas.
Brandon Bell | Getty Images
two top walmart The executives will leave the company about four months after CEO John Furner took over, according to an internal memo seen by CNBC on Friday.
According to the memo, Tom Ward, chief operating officer of Walmart’s Sam’s Club warehouse chain, will step down, and Cedric Clark, Walmart’s vice president of U.S. store operations, will also leave the business.
Clark’s replacement will be announced in the “coming weeks,” the memo said. It’s unclear when the company plans to fill Ward’s position.
The leadership change comes after Furner became Walmart’s CEO in February. In tandem with Furner’s promotion, the company promoted four new top executives to work alongside Furner earlier this year. Seth Dallaire was promoted to chief growth officer overseeing the company’s marketplace and advertising business, David Guggina was promoted to CEO of Walmart US, Chris Nicholas became CEO of Walmart International, and Latrice Watkins became CEO of Sam’s Club.
Furner took over the nation’s largest retailer during a period of sustained growth, fueled by profits with high-income consumers and an expanding e-commerce business.
Walmart released first-quarter results Thursday, reporting mixed results and saying business remained strong despite consumer pressure and rising gas prices.
The leadership change was first reported by the Wall Street Journal.
