Charles Holley

Developing a "next generation fulfillment network" will be one of Wal-Mart's key global priorities for this year, along with investing in a global e-commerce platform that will provide the world's largest retailer with common digital technology in multiple countries. Work on the fulfillment network will begin in the U.S.


Bentonville, Ark. -- Wal-Mart Stores’ efforts to reduce waste and boost recycling added $231 million to its bottom line last year, company CFO Charles Holley said at the chain’s 2012 Global Sustainability Milestone Meeting. Other speakers at the event, which was web cast live, included Mike Duke, president and CEO, Walmart; Doug McMillon, president and CEO, Walmart International; and Bill Simon, president and CEO, Walmart U.S.

Wal-Mart will add more self-checkout lanes at its Wal-Mart and Sam's Clubs stores as it continues to look for ways to lower costs and prices, CEO Charles Holley said.

Wal-Mart Stores announced Wednesday that it has promoted Jeff Davis to the position of senior VP and treasurer, effective Dec. 1. In his new role, Davis will assume responsibility for treasury operations, capital markets, investor relations and risk management. Davis succeeds Charles Holley, who has been named to the position of executive VP and CFO, also effective Dec. 1.Davis, currently senior VP finance and strategy for Walmart U.S., joined Walmart in 2006 as VP finance for the Walmart U.S. health and wellness merchandise unit.

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