Top executives move around among corporate jobs like water skeeters on a creek in July, but it’s not good when a vice president in charge of a new risky venture for a company decides to leave the country to take a better job.
From Supermarket News:
David Wild, who was said to be heading up the development of Wal-Mart’s small-format Marketside concept, is leaving to join British retailer Halfords Group as chief executive officer.
Vice president to CEO is a good bump. I’m sure there are lots of factors involved here. Wild, who came first to the failed Wal-Mart venture in Germany from Britain’s Tesco may have just gotten homesick or tired of flying back and forth between Arkansas and England.
It could have simply been a case where the offer was too good to pass up.
Or he may have gotten a wake-up call about how little sense an upscale neighborhood grocery makes when Wal-Mart’s core business is up due to bad economic times.
What do you think?