Stephen Quinn, Walmart's CMO for the U.S., and a 10-year veteran of the company, plans to step down in January. Walmart will hire former Target chief marketer Michael Francis as a consultant and
possibly to work with an ultimate successor. Quinn will retire as of Jan. 31 and Francis will join the company as a consultant starting the first of next year. Francis was Target's CMO for
26 years until 2011, when he took the top job at JCPenney. Most recently, he was CMO of Dreamworks Animation.
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