Our Sacramento, California-based team was surprised to learn of Walmart’s recent executive strategy just ahead of the holidays. Former Chief Operating Officer Dacona Smith is now manning the helm as Executive Vice President and Chief Operations Officer of Walmart U.S. stores, and will be succeeded by Chris Nicholas, the former Chief Financial Officer. Steve Schmitt has been named as the new CFO, and Seth Dallaire joined the team as Chief Revenue Officer.
According to Bloomberg, Smith has been with Walmart for roughly 30 years and entered the role of Chief Operations Officer last year following his time spent in several different management roles. In this new role, the Executive Vice President will be reporting to Nicholas and a number of other senior leadership members.
While the news source did not disclose Smith or Nicholas’ new duties, we are positive that they will be working to drive growth across all operations.
Furthermore, it will be interesting to see if this shakeup constitutes a new executive strategy entirely.
Prior to his time with Walmart, Chris Nicholas worked in the financial departments for Tesco, based in the United Kingdom, and Coles Group, based in Australia. The retail leader joined Walmart as Deputy Finance Chief of its international unit in 2018 and will be moving up to Chief Operations Officer.
Schmitt is another retail vet stepping up for Walmart.
According to his LinkedIn page, Schmitt had previously worked as the Senior Vice President and Chief Financial Officer of banner Sam’s Club before being named SVP and CFO of Walmart’s e-commerce business in 2019. Prior to his time with Sam’s Club, Schmitt worked at the executive level for Yum! Brands for over 10 years.
Dallaire comes to Walmart with expertise from his previous role at Instacart.
As noted on his LinkedIn page, Dallair spent two years as Instacart’s Chief Revenue Officer. Formerly, he served in the role of Vice President, North American Advertising Sales for over seven years at Amazon before being promoted to Vice President, Global Advertising Sales in 2014.
John Furner, the President and the Chief Executive Officer of Walmart U.S., shared his thoughts on these appointments.
“Our goal is to do a better job of connecting the dots and flow our inventory in new and more productive ways,” Furner said to the news source on the recent strategic executive changes.
With Walmart making these extensive switches right before the holidays, could a larger market strategy be at play?
Deli Market News will continue to keep you informed as we enter the holiday season rush.