What Happened?
Bentonville, AR-based Walmart Stores has promoted Charles M. Holley as Executive Vice President and Chief Financial Officer.
About the Company
Wal-Mart Stores, Inc., branded as Walmart, is an American multinational retail corporation that runs chains of large discount department stores and warehouse stores. The company is the world's second largest public corporation, according to the Fortune Global 500 list in 2013, the biggest private employer in the world with over two million employees, and is the largest retailer in the world.
About the Person
Charles Holley is the executive vice president and chief financial officer for Walmart. He is responsible for accounting and control, business planning and analysis, internal auditing, treasury, tax, and several other key areas of the company. The lead financial executive in each operating segment of the company (Walmart U.S., Sam's Club and Walmart International) reports directly to him. Charles serves on the Walmart executive committee, the Walmart real estate committee and is the chairman of the executive finance committee. Before being appointed to his current role, he was executive vice president, finance and treasurer, responsible for corporate strategy and planning, tax, investor relations, financial support of corporate overhead functions, corporate mergers and acquisitions, risk management, and treasury operations, which includes capital markets and cash management. Charles also served as the company’s chief risk officer. Previously, Charles was senior vice president of finance with responsibility for the company’s accounting, tax, financial reporting and investor relations areas. From 2003 to 2005, he served as senior vice president and controller. From 1994 through 2002, Charles held several roles in Walmart International including senior vice president and chief financial officer for the division. He helped pioneer the company’s international expansion efforts, which included leading Walmart International’s merger and acquisition activities. Before joining Walmart, Charles worked for Tandy Corporation as managing director for its European Memorex consumer product division (Memtek International) and served as director of finance for its international operations. He also spent more than 10 years with Ernst & Young. Charles is a member of Financial Executives International, is co-chair of the CFO Board Academy and is a member of The Conference Board Council of Financial Executives. He serves on the Dean’s Advisory Board for the McCombs School of Business at the University of Texas at Austin, is an active board member for the Cancer Challenge of Northwest Arkansas and serves on the board of trustees for The First Tee. Charles received his BBA in accounting from the University of Texas at Austin and earned his MBA in finance at the University of Houston. He is a Certified Public Accountant.
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