Wal-Mart Stores Inc. CEO Brian Cornell

Wal-Mart Stores Inc. CEO Brian Cornell

Beth Hall/Bloomberg News

Wal-Mart Stores Inc. CEO Brian Cornell, 52, announced last month he would resign as chief executive officer of Wal-Mart’s Sam’s Club membership warehouse unit. Cornell, who previously spent about 13 years at PepsiCo, told Wal-Mart he planned to move to the U.S. Northeast for family reasons.