Wal-Mart Investor Relations exec Carol Schumacher to exit the company

Carol Schumacher, vice president of investor relations for Wal-Mart Stores, is exiting the retailer effective Aug. 21, after more than a decade.

She has accepted another job and will relocate to the Southeast, according to Deisha Barnett, corporate spokeswoman for Wal-Mart Stores.

Schumacher joined Walmart in 2004 as vice president of corporate affairs, before transitioning to her investor relations job.

"Leading the complex investor relations team, she earned the trust of our most senior company leaders and our investment community," the retailer noted in an email.

Wal-Mart said Schumacher was instrumental in growing the investor relations function into a first class organization. She also led the evolution of the retailer’s annual report to a digital format; re-launched the corporate Investor Relations website; led the transition of the earnings release last quarter with easier-to-read infographics; and promoted how the retailer communicates financial news through social channels.

“As we conduct a search for a permanent replacement, Pauline Mohler has agreed to fill in and lead the Investor Relations team in the interim,” Wal-Mart notes.