• Business Week/AP, Thursday, February 1, 2007 12 PM

Eduardo Castro-Wright told a meeting of about 7,000 Wal-Mart store managers Wednesday that "there are no management changes planned beyond the ones we clearly outlined last week," according to Wal-Mart spokeswoman Sarah Clark.

Citing unidentified sources and an internal memo, Ad Age reported Tuesday that among other management shakeups, Castro-Wright would move to a position in the retailer's international business and be replaced as president and CEO of its U.S. operations by Doug McMillon, the executive in charge of Wal-Mart's Sam's Club division.

Castro-Wright was speaking in Kansas City to an annual meeting of Wal-Mart managers and suppliers, which the Bentonville, Ark.-based retailer keeps under tight wraps. Reporters are not allowed into the four-day event that ends today. It focuses on new merchandise and store goals for the year ahead.

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