Wal-Mart promotes Cheesewright to int'l chief

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BENTONVILLE, Ark. (AP) - Wal-Mart Stores is promoting David Cheesewright to president and CEO of its international business.

The 51-year-old Cheesewright succeeds Doug McMillon, who last month was named the next president and CEO of the world's biggest retailer. McMillon succeeds Mike Duke.

Cheesewright currently serves as president and CEO of Walmart's Europe, Middle East and Africa and Canada region. Other posts he's held at the retailer include serving as COO of Walmart Canada and Asda, its U.K. operations.

Wal-Mart Stores Inc. said Tuesday that it will name Cheesewright's successor at a future date.

Cheesewright will report to McMillon. Both start their new positions on Feb. 1, 2014.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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