BENTONVILLE, Ark. — Wal-Mart Stores here said Friday Mike Duke will succeed H. Lee Scott Jr. as president and chief executive officer of the company, effective Feb. 1. Scott will remain as chairman of the executive committee of the board of directors.
Succeeding Duke as vice chairman will be Eduardo Castro-Wright, who will continue to serve as president and CEO of Walmart U.S. while adding oversight for global procurement. Some observers said Duke’s overseas experience could in