OPERATIONS

Wal-Mart online chief Eduardo Castro-Wright to retire

BY Marianne Wilson

New York City — Wal-Mart Stores announced that Eduardo Castro-Wright, 56, vice chairman and CEO of the company’s global e-commerce and global sourcing businesses, will retire on July 1, 2012.

The company plans to name a replacement by the end of January, after which Castro-Wright will assist in the transition.

“Eduardo has made many contributions at Walmart, beginning in Mexico and continuing until today,” said Walmart CEO Mike Duke. “He has been a strong advocate for our customers and in every assignment has brought passion and commitment to the job. He has also built talented teams wherever he has led.”

Under Castro-Wright’s leadership, Wal-Mart has significantly expanded its online business overseas. In May, the chain bought a minority stake in online company Yihaodian in China. It also has added online shopping for home delivery in a number of countries.

Castro-Wright also has helped Wal-Mart to develop its mobile and social commerce. In April, the chain bought social media company Kosmix.

The executive joined Walmart in 2001 as president and COO of Walmart Mexico and was promoted to president and CEO of that business in 2003. He also served as COO for a short period until being named president and CEO of Walmart U.S. in 2005.

He was promoted to vice chairman in 2008 and assumed his current responsibilities in August of last year. Since that time, Castro-Wright has overseen global sourcing and the expansion of the company.

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REAL ESTATE

SRS Real Estate names Newport Beach team members

BY Staff Writer

Dallas — SRS Real Estate Partners said Tuesday that it has hired three new team members in the Newport Beach, Calif., office.

Steve McClurkin, Garrett Colburn and Nichole Slykhous have joined the SRS Newport Beach office to focus on tenant representation, specializing in expanding national retail and restaurant concepts. They will also continue consulting with landlords on outdoor malls/lifestyle centers throughout the western United States.

McClurkin has joined SRS as senior VP and market leader for the Newport Beach office. Most recently, he worked with Grubb & Ellis, assisting them with the launch of their national tenant representation division.

Colburn joined SRS as senior associate. He was previously an associate at Grubb & Ellis where he focused on tenant representation.

Slykhous joined SRS as real estate analyst. Prior to SRS, she was a real estate analyst at Grubb & Ellis.

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News

Long-time Staples exec promoted to CFO

BY CSA STAFF

FRAMINGHAM, Mass. — Staples has promoted Christine Komola to CFO effective Feb. 1, 2012. She will report to John Mahoney, Staples’ vice chairman. The responsibilities of the CFO will transition to Komola the next year.

“Christine has established herself as a respected leader in the Finance organization since joining Staples 14 years ago,” said Mahoney. “She has deep knowledge of Staples’ global businesses and an excellent track record in leading our Finance teams in partnering with our operations to achieve our goals. I am confident Christine is well prepared to assume greater responsibility in leading our finance functions in the years ahead.”

Komola joined Staples in 1997 and has served in various leadership roles including VP planning and control; CFO of Staples.com; VP, general merchandise manager furniture and wholesale, and her most recent role as SVP and corporate controller with responsibility for the company’s global financial operations. Prior to joining Staples, Christine was an audit manager at Ernst & Young, LLP. She is a member of the American Institute of Certified Public Accountants.

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