The acquisition will add more than 300 products to L’Oreal’s lineup.
John Fleming, an early architect of Walmart.com, is leaving Wal-Mart Stores Inc.
As part of an ongoing senior management shift, John Fleming, an early architect of Walmart.com, is stepping down as chief merchandising officer of Wal-Mart Stores Inc.
Fleming, who was named the CEO of Walmart.com in 2002 after previously serving as chief operating officer, was also named executive vice president and chief marketing officer for Wal-Mart in 2005.
In a letter to employees posted on Wal-Mart’s corporate site, Wal-Mart U.S. president and CEO Bill Simon said today that Fleming “has made a personal decision to leave the company.” Simon didn’t provide other details, but did note that Fleming’s role of chief merchandising officer will be filled by two other Wal-Mart executives. Executive vice president and general manager of grocery Jack Sinclair will oversee the food, health and wellness merchandising group, while executive vice president of planning, pricing and replenishment John Westling will take charge of the general merchandising and replenishment groups. Both executives will report to Simon.
Simon also said Wal-Mart will seek a full-time replacement for Fleming, who was responsible for the apparel, entertainment, grocery, home, hardlines, and health and wellness business units, as well as the customer experience and merchandise operations organizations.
Fleming’s departure caps a busy week of personnel changes at Wal-Mart and Walmart.com, No. 6 in the Internet Retailer Top 500 Guide. Wal-Mart also announced that it is moving its U.S. operations head, vice chairman Eduardo Castro-Wright, to direct the global e-commerce unit that the world’s largest retailer set up in January. Castro-Wright will be transitioning to his new position as president and CEO of Global.com through Aug. 1.