Former Asda man David Cheesewright is to become the new president and CEO of Walmart International.
Cheesewright, who is currently president and CEO of Walmart’s Europe, Middle East and Africa (EMEA), and Canada regions, will succeed Doug McMillon, who was promoted to Walmart CEO last month to replace current chief executive Mike Duke. Both Cheesewright and McMillon will start their new roles on 1 February.
“David will lead the division at an exciting time,” said McMillon. “We have strengthened our business and gained market share in the majority of our international markets, and he had a key role in that success. David’s passion for sustainability will drive change that will help improve our world.”
Over a 15-year career at Walmart, Cheesewright has held several leadership roles at Asda and played a pivotal role in its £778m acquisition of Netto’s UK portfolio in his time as CEO of Walmart’s EMEA division.
“I’m honoured to take on this role and our success is dependent on our associates, and I’m committed to investing in them,” added Cheesewright. “Together, we will find innovative and sustainable ways to serve our customers and provide them with the quality, affordable products they expect from us.
“Through strong capital discipline, we will continue to invest in new stores and e-commerce growth, as well as productivity improvements that drive profitable growth and returns.”
Walmart said its international division generated 30% of its total revenues. It operates more than 6,200 retail units under 64 banners in 26 countries outside the US.