By Sarah Nassauer 
 

Wal-Mart Stores Inc. plans to name a new chief executive for its international business, placing Judith McKenna in the role as of Feb. 1, according to a person familiar with the situation.

Ms. McKenna will replace David Cheesewright, who oversaw the business for four years at a time it struggled to stem sales declines in the U.K. and faced an strong recession in Brazil.

Within Wal-Mart, the international CEO role is seen as a stepping stone to potentially becoming the company's next chief executive. Current CEO Doug McMillon oversaw the company's international operations from 2009 to 2014.

Ms. McKenna came to Wal-Mart more than 20 years ago through the retailer's U.K. arm, Asda. She became chief operating officer for Wal-Mart U.S., her current role, in 2014.

The looming appointment was earlier reported by Bloomberg.

 

(END) Dow Jones Newswires

January 16, 2018 19:06 ET (00:06 GMT)

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