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Wal-Mart Names Davis Treasurer

Wal-Mart Names Davis Treasurer

Wal-Mart Stores has named Jeff Davis senior vice president and treasurer.

BENTONVILLE, Ark. — Wal-Mart Stores here on Wednesday said it has named Jeff Davis senior vice president and treasurer, effective Dec. 1.

In his new role, Davis, 47, will assume responsibility for treasury operations, capital markets, investor relations and risk management. He succeeds Charles Holley, who, as previously reported, has been named executive vice president and chief financial officer, also effective Dec. 1.

"Jeff has deep experience in a wide range of financial disciplines that will suit him well as treasurer for Wal-Mart," said Holley. "He also has demonstrated a great understanding of our business, and he's developed strong partnerships with our operating segment leaders."

Davis is currently senior vice president of finance and strategy for Walmart U.S. He joined Walmart in 2006 as vice president of finance for the Walmart U.S. health and wellness merchandise unit.

Previously, he was CFO for Lakeland Tours, and before that Davis was CFO for McKesson General Medical.