Brief: names new COO

Wal-Mart Stores Inc. has named John Fleming as the new chief operating officer of Fleming, 43, had been's senior vice president of merchandising.

Fleming replaces CEO Jeanne Jackson, who will leave the company after the 2001 holiday season, the company said in a statement. Jackson said in the statement she has no immediate plans to join another company.

Officials at couldn't be reached for comment.

"We appreciate the leadership and direction that Jeanne has provided these past 20 months,'' Lee Scott, president and CEO of Bentonville, Ark.-based Wal-Mart Stores, said in the statement. "She leaves an important legacy -- an excellent management team that will drive improvement and growth in our business, both online and off-line, for years to come. Our focus areas remain tighter integration of our online program with our stores, developing additional services under the trusted Wal-Mart name that we can offer online and continued development of our online shopping site."

Jackson, 50, came to Palo Alto-based in April 2000 from Banana Republic, where she was CEO. At the time, was an independent company operating as a joint product of Wal-Mart Stores and venture capital firm Accel Partners.

Earlier this year, the two companies announced that Wal-Mart Stores would acquire all minority interest in (see story).

"[In] light of the buyout, it has become clearer and clearer to me that something with broader scope is more appropriate for me at this stage in my career," Jackson said in the statement.

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Copyright © 2001 IDG Communications, Inc.

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