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New Sam's Club CEO named by Wal-Mart

from The Wall Street Journal

Wal-Mart Stores Inc. suffered a blow to its management ranks, recently announcing that the head of its Sam's Club business was leaving the company after jump-starting sales at the traditionally lagging warehouse-stores chain. Brian Cornell, who served as chief executive of the 610-store Sam's Club business since 2009, said he is leaving the company and Bentonville, Ark., where Wal-Mart is based, to be closer to family members in the Northeast. (Subscription required.) more

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