BENTONVILLE, Ark. Wal-Mart Stores announced that EVP and general counsel Jeff Gearhart is being promoted to assume the additional role of corporate secretary. Gearhart will report to Walmart president and CEO Mike Duke. The company also announced that EVP and corporate secretary Tom Hyde, whose responsibilities include the legal, ethics and global security organizations, will retire from the company after nine years of service. These changes are effective Aug. 1.
Gearhart will continue as general counsel overseeing the legal department, which is responsible for handling all legal matters affecting the company in its domestic and international markets. He will also continue to lead the company's ethical sourcing program.
"Since joining the company, Jeff has built great credibility as a leader across the organization," said Duke. "He gives excellent advice and is also known for his collaboration and people managemen