Wal-Mart merchandising chief to resign
Bentonville, Ark. Wal-Mart Stores on Friday said its chief merchandising officer John Fleming is leaving the company on Aug. 1 after 10 years of service.
Fleming, who has held the position since early 2007, will be replaced temporarily by two executives: Jack Sinclair, an executive VP will oversee food and health and wellness merchandise; John Westling, also an executive VP, will oversee general merchandise and replenishment.
A Wal-Mart spokesman said Fleming is leaving to spend more time with his family.
The announcement came three days after the company announced that COO Bill Simon would take over from Eduardo Castro-Wright as president and CEO of its U.S. operations.
Castro-Wright will lead the retailer’s e-commerce unit Global.com and its global sourcing division.
Wal-Mart has benefited as consumers traded down during the recession. But now some wealthier customers are showing signs of trading back up, at the same time as high unemployment and gas prices are still squeezing its main clientele.
The Children’s Place appoints exec to board of directors
Secaucus, N.J. The Children’s Place Retail Stores has appointed Jamie Iannone to serve on the company’s board of directors.
Iannone currently holds the position of executive VP shopping, at Barnes & Noble.com and Barnes & Noble Digital, where he oversees all aspects of the online shopping experience for Barnes & Noble customers, including development of innovative new products and services.
Previously, he spent eight years at eBay where he held positions of increasing responsibility, culminating in his appointment in 2008 as VP global search, the company’s largest single investment area across North America and Europe.
Opus Holding names president
Minnetonka, Minn. The Opus Group has hired Tim Murnane to serve as president of Opus Holding, L.L.C. and Opus Holding, the respective parent companies of Opus Design Build, L.L.C., and Opus North Corp.
In his new role, Murnane will oversee the operations of Opus North and Opus Design Build.
Murnane worked for Opus for 22 years before leaving last June to become a Regional General Manager for Clayco, a St. Louis-based construction and development company.