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Walmart names new CEO for US division

Walmart Inc. on Oct. 10 named John Furner as the new president and CEO of Walmart U.S., effective Nov. 1.

Furner is currently the president and CEO of Walmart-owned Sam's Club.

He will replace Greg Foran and report to Walmart President and CEO Doug McMillon.

Foran will continue with Walmart U.S. through Jan. 31, 2020, and then join Air New Zealand Ltd. as its CEO.

Walmart said it will announce a new president and CEO for Sam's Club at a later date.