Holley to Succeed Schoewe as Walmart CFO
September 30, 2010,
BENTONVILLE, Ark.-Charles Holley, currently executive vice president of finance and treasurer of Walmart, will succeed Tom Schoewe as the retailer's chief financial officer on Nov. 30.
Holley, who joined Walmart in 1994, has served the mass merchant in a variety of executive posts in the financial and international segments. As executive vice president of finance and treasurer, he is responsible for corporate strategy and planning, tax, investor relations, corporate mergers and acquisitions, risk management and treasury operations. Mike Duke, Walmart's chief executive officer, credited Holley with enhancing the company's financial position and pioneering its international expansion.
Before joining Walmart, Holley was managing director of the European Memorex division and director of finance for the international operations of Tandy Corp. (now Radio Shack). His career also includes executive positions with Ernst & Young.
Schoewe will stay on to assist in the transition until Jan. 31. He joined Walmart as chief financial officer in 2000, after serving in the same role at Black & Decker.