Wall Mart Audit Essay Example | Topics and Well Written Essays - 1000 words

Wall Mart Audit - Essay Example John Fleming and Stephen Quinn were associated with the three-year plan proposed by Eduardo Castro-Wright, former president and Chief Executive of Wal-Mart Stores U.S., the objective of the plan was to increase sales and profitability (Andrew, 2007). The authorities own more than fifty percent of the shares. The members and executives are internal, and no external members have remained affiliated with board of directors, however there have been certain exceptions in past. The stocks owned by the directors and executives have been traded privately. The members of the board of directors have contributed in vigilant manner; and have sufficient experience and qualification to execute their respective task. Charles Holley, the Wal-Mart treasurer, commented that the shuffles at managerial levels "had been overplayed in the media", he regarded that shuffles are normal procedure, and adopted in Wal-Mart on routine basis so that management shall carry diversified experience. According to reports, "Wal-Mart has a history of shuffling top executives so they can learn how different parts of the business operate, Cast is moving into a broader role at the retailer that will involve heading business strategy and strategic planning for Wal-Mart Stores, Vazquez will oversee all day-to-day operations at Walmart.com and will also focus on expanding the site's merchandise assortment". The Castro-Wright will supervise the assignments of Cast and Vazquez; both the executive authorities are required to report to Castro-Wright (Philip, 2007). The recent managerial shuffles have kindled the hopes of the shareholders, it is expected that the appointees have experience and qualification to deliver excellenc e and profits. Strategic Alternatives and Recommended Strategy: Managerial Changes The management shuffle under taken by the company has been rare in any of the American organization. Eduardo Castro-Wright has taken the charge was CEO of the Wal-Mart Stores Division World Wide (except for United States), whereas Doug McMillon has been appointed as the CEO of the Wal-Mart Stores Division in the United States. Soon after the appointment of John Fleming as Chief Merchandising Officer, he introduced major shuffles in his merchandising leadership team. Lee Scott is the CEO and John Menzer is Vice Chairman of the Wal-Mart America (Grant, 2007). Mr. McMillon, the CEO of the Wal-Mart America, has been admired and respected by the suppliers and others who have remained affiliated with the company. Mr. Castro-Wright has been least popular among the suppliers, he has been credited "for renewed effort to increase inventory turns, which has increased pressure on sales, and is believed to be well-regarded by senior Wal-Mart management and the company's board". Ms. Pat Curaan is expected to succeed Mr. McMillon as CEO of Wal-Mart America, and she'll be the first woman to lead the operating units of Wal-Mart (Emilio, 2007). Mr. John Westling has been promoted as the in-charge of Wal-Mart's inventory-replenishment operations, and it is believed that the "he'll work to expand efforts to reduce the retailer's inventory"; he was previously Senior VP-general manager of consumables. Mr. MCall has been appointed as the senior VP-general manager of consumables. Mr. Gary Severson will remain as Senior Vice President of Entertainment, and will be assisted by Ms. Laura Phillips, Mr. Kevin