BENTONVILLE, Ark. (AP) - Wal-Mart Stores Inc., the world's biggest retailer, said Friday that it has named Rosalind Brewer as CEO of Sam's Club - the first woman and the first African-American to hold a CEO position at one of the company's business units.
Brewer, 49, is replacing Brian Cornell, 52, who is leaving the company so he can return to the Northeast for family reasons.
Brewer, who will also be president of Sam's Club, was previously president of the retailer's U.S. division. She will report to CEO Mike Duke. The moves are effective Feb. 1.
Sam's Club warehouse club business has outperformed its namesake stores. Revenue in stores open at least one year rose 5.7 percent at Sam's Club and 1.3 percent at U.S. Walmart stores in its third quarter. The measure is a key gauge of a retailer's financial health.