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Cheesewright to succeed Mcmillon with Wal-Mart International

David Cheesewright, 51, has been appointed executive vice president, president and chief executive officer of the International division of Wal-Mart Stores Inc., effective Feb. 1, 2014. Cheesewright will succeed CEO-elect Doug McMillon. Since September 2011, Cheesewright has served as head of a regional management team responsible for Wal-Mart’s retail operations in Canada, the United Kingdom and Sub-Saharan Africa.

Tyson Foods closes year on record note

Tyson Foods closed its fiscal year on a strong note as it posted record sales and earnings, while announcing several leadership changes in its management structure. The Springdale-based meat company recorded fourth-quarter earnings of $261 million on sales of $8.89 billion. One year ago, Tyson Foods posted net income of $185 million on revenue of $8.32 billion.