C. Douglas McMillon is picking up the reins at Wal-Mart Stores Inc., the world’s largest retailer. He takes the top job on Jan. 31, when Mike Duke steps down from his role as chief executive officer and president, according to a regulatory filing today. Duke, 63, will remain chairman of the board’s executive committee and will continue to be an employee of the company until Jan. 31, 2015. McMillon, 47, is currently president and ceo of the retailer’s international unit. He has been added to Wal-Mart’s board, effectively immediately. McMillon has led Wal-Mart International since January 2009 and will continue to serve in that capacity until he succeeds Duke as ceo. He served as president and ceo of Sam’s Club for four years before taking on his international duties. Earlier, he was executive vice president of Sam’s Club with responsibility of merchandising and replenishment for three years and senior vice president and general merchandise manager of Wal-Mart U.S. for three years. He joined the company in 1990. “Doug is uniquely positioned to lead our growing global company and to serve the changing customer, while remaining true to our culture and values,” said Rob Walton, chairman of Wal-Mart. “He has broad experience — with successful senior leadership roles in all of Wal-Mart’s business segments — and a deep understanding of the economic, social and technological trends shaping our world. “A merchant at heart, Doug has both a long history with our company and a keen sense of where our customers globally are heading next,” Walton added. Wal-Mart said it would name a successor to McMillon as ceo of Wal-Mart International by the end of its fiscal year. Duke has been president and ceo of Wal-Mart since 2009 and previously served as vice chairman with responsibility for international beginning in 2005 and as president and ceo of Wal-Mart U.S. beginning in 2003.
The iconic Tiffany & Co. Fifth Avenue flagship will have a whole new look come 2021, reports @mistywhitesidell . The 10-story store is being expanded and renovated under the vision of chief artistic officer, Reed Krakoff. #wwdnews
“I feel like the [Emmy] nomination is this absurdly generous bonus to something that I’ve already been excited by for quite some time now,” Darren Criss tells @ktauer about his nomination for his role as Andrew Cunanan in The Assassination of Gianni Versace: American Crime Story, “My general attitude toward life is I hope for everything but expect nothing. But when you’re playing for the Warriors, there’s a good chance you’ll make it to the championships. And I’m not saying I’m Steph Curry, but when you’re on [showrunner] Ryan Murphy’s team, it seems more palpable than ever,” he continues. (Criss previously starred on “Glee,” another Murphy creation, although they didn’t directly work together.) “I feel like I’ve already won the lottery.” Read more in WWD.com (📸: @lexieblacklock ) #wwdeye #darrencriss #americancrimestory #emmys2018