Walmart’s CEO of international business to depart company

Group 1 - Kathryn McLay, CEO of Walmart's international business, is stepping down, effective at the end of the month, and will assist in the transition through the first quarter [1][2] - McLay has been with Walmart for about a decade and has led the international division since 2023, previously considered a potential successor to retiring CEO Doug McMillon [2] - Walmart's international sales increased by 11% in the latest quarter, driven by growth in key markets such as China, India, and Mexico [3] Group 2 - Walmart has shifted focus from brick-and-mortar retail to becoming a digital powerhouse, enhancing its online offerings and delivery times [4] - The company has expanded its non-retail businesses, including advertising and data analytics, contributing to profit growth [4] - Walmart's market capitalization is nearing $1 trillion, marking a significant milestone for a US retailer [4]