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The Weekly Closeout: Walmart to launch in South Africa and Mary Dillon exits Foot Locker
Yahoo Financeยท2025-09-12 10:48

Group 1: Foot Locker Executive Changes - CEO Mary Dillon, President Frank Bracken, and other executives departed Foot Locker following the completion of its deal with Dick's Sporting Goods [2] - Chief Financial Officer Mike Baughn, Chief Operations Officer Elliott Rodgers, and Chief Human Resources Officer Cindy Carlisle also left the company [3] - Dick's Sporting Goods appointed new leaders for Foot Locker's North America business, including Peter Scaturro as CFO [3][4] Group 2: Leadership Structure Post-Acquisition - Foot Locker will now be overseen by Dick's Executive Chairman Ed Stack and two presidents, one for international and one for North America [4] - Ann Freeman, a 26-year Nike veteran, will lead the North American operations [4] Group 3: Best Buy Board Appointment - Lululemon CFO Meghan Frank has joined Best Buy's board of directors, bringing over 20 years of industry experience [4][5] - Best Buy CEO Corie Barry highlighted Frank's leadership experience as a valuable addition to the board [5] Group 4: Walmart Expansion - Walmart announced plans to open its first branded stores in South Africa this year, with official opening dates to be revealed in October [5][6] - Massmart president and CEO Miles Van Rensburg expressed excitement about introducing the Walmart brand to South Africa [6]