Walmart U.S. has promoted Chris Nicholas to chief operating officer and hired Instacart’s Seth Dallaire as chief revenue officer, both newly created positions. Steve
Schmitt, executive vice president and chief financial officer of Walmart U.S. omnichannel, will take over Nicholas’ previous position as Walmart U.S. CFO. Nicholas.
Nicholas joined Walmart in August 2018 as senior VP and deputy CFO of Walmart International and in January 2020 was elevated to Walmart International CFO. Then in February 2021, he was promoted to executive VP and CFO of Walmart U.S. He also served as a board member of Walmart de Mexico from October 2019 to February 2021. Dallaire comes to Walmart after nearly two years as chief revenue officer at online delivery giant Instacart, where he also occupied a newly created position [1] . He started at Instacart in November 2019 after over seven years at Amazon, most recently as VP of global advertising sales and marketing. Prior to that, he spent two-and-a-half years at Yahoo! as vice president of global agencies and accounts and seven years at Microsoft as senior director of MSN advertising sales.
Walmart Inc. is the world's leading distribution group. Net sales break down by activity as follows:
- distribution in the United States and Porto Rico (83.3%): this activity is performed, at the end of January 2023, through the following names: Wal-Mart (83.3% of net sales; reduced-price retail distribution; 4,717 outlets, of which 3,572 supermarkets, 364 discount outlets, and 781 convenience stores), and Sam's Club (16.7%; 600 warehouses accessible to members only in the United States);
- international distribution (16.7%): 5,306 points of sales located in Mexico (2,862), Central America (882), China (365), Africa (375), Canada (402), Chile (392) and India (28).