Mac Naughton rises to top as Walmart’s chief merchant
BENTONVILLE, Ark. — In a swift move by Walmart, Duncan Mac Naughton has been appointed the retailer’s chief merchandising officer for its U.S. division, less than three months after being named the company’s merchandising EVP.
Mac Naughton, who joined Walmart in October, was part of the big-box retailer’s restructuring of the merchandising department, which involved divvying the responsibilities among four EVPs, directly reporting to Walmart U.S. president and CEO Bill Simon. Mac Naughton oversaw the consumables, health-and-wellness and Walmart.com businesses.
Prior to joining Walmart U.S., Mac Naughton served as chief merchandising officer for Walmart Canada.
“We are fortunate to have outstanding, seasoned leadership across our merchant organization. Duncan has distinguished himself with a proven record of success in every organization that he has worked in, including Walmart in the United States and Canada,” Simon said. “He is a strong steward of our culture, and he understands that merchandising is at the very core of our business. Duncan is committed to giving our customers a breadth of assortment, national brands and everyday low prices.”
Weis declares quarterly dividend
SUNBURY, Pa. — Weis’ board of directors declared a quarterly dividend of 29 cents per share on Friday.
The dividend will be paid to shareholders of record as of Feb. 7, payable on Feb. 21.
Weis operates 164 stores in five states.
Jewel-Osco’s president leaves post
ITASCA, Ill. — Supervalu company Jewel-Osco announced that its president will retire, effective Feb. 28.
Keith Nielsen, whose career at the company spanned 40 years — and who has served as Jewel-Osco’s leader since 2007 — will be replaced by Brian Huff, Supervalu SVP specialty retail. Huff will transition into the new role Feb. 7.
“I am very proud of the work we’ve accomplished at Jewel-Osco during my tenure as president, but I’m looking forward to retiring and spending more time with my family,” Nielsen said. “I will miss working with the many wonderful associates at Jewel-Osco and wish the team the very best as they continue to grow the business.”