Wal-Mart CEO Scott stepping down

FROM TWICE: Vice chairman Duke will take role

By Alan Wolf of TWICE -- Video Business, 11/24/2008

NOV. 24 | FROM TWICE: Wal-Mart president/CEO Lee Scott will step down, effective Feb. 1, after nine years in the post.

He will be succeeded by vice chairman Mike Duke, who heads Wal-Mart’s international division and had previously run the company’s logistics and distribution operations.

In addition, Eduardo Castro-Wright, president/CEO of Wal-Mart’s United States operations, was promoted to vice chairman of the company and will assume management responsibility for the company’s global procurement operation.

Read the full story on TWICE.com.