Wal-Mart’s Administrative Chief to Step Down
Tom Mars, Courtesy corporate.walmart.com
An internal memo from Walmart US CEO Bill Simon circulated throughout the company Wednesday (Feb. 27) announced that Tom Mars, executive vice president and chief administrative officer, will exit the company March 13.
There was no reason given for Mars’ departure in the memo obtained by The City Wire and Wal-Mart has publicly declined comment.
Mars has been with Wal-Mart for 11 years and served as general council during the period under scrutiny for violations of the Foreign Corrupt Practices Act.
From 2002 to 2009, Mars was involved in an investigation into bribery allegations regarding a Wal-Mart store built near the Mexican pyramids, according to company emails released in earlier this year by Congressional members. Internal emails mentioned in a New York Times’ April report connect Mars to the matter as the senior corporate lawyer who briefed top executives such as Mike Duke in 2005 on the Mexican bribery allegations. Click here to read the full story from our partners at TheCityWire.com.