Sams Club Hires Maarten Jager As New Chief Financial Officer

Sam’s Club, the wholesale club store division of Wal-Mart Stores Inc., recently named Maarten O. Jager as the company’s new senior vice president and chief financial officer. Jager joined the executive team in July and is responsible for all finance functions.

He succeeds Michael Dastugue, who was promoted to chief financial officer for Walmart U.S.

Jager joined Walmart in April 2014 as vice president of finance, and three months later was appointed chief financial officer for Walmart Asia.

He brings more than 20 years of corporate strategy and finance leadership to Walmart, including seven years at Diageo North America, as senior vice president of finance for supply chain and senior vice president of global business support.

Prior to Diageo, Maarten was a vice president and partner with Booz, Allen Hamilton Inc., in both the U.S. and Europe. He started his career as a design engineer at General Electric Aircraft Engines.

Jager holds a Master of Business Administration degree from the University of Chicago. He recently moved to Northwest Arkansas with his family from Hong Kong.

Dastague had been chief financial officer at Sam’s Club since 2013. Before that, he spent 20 years with J.C. Penney in a variety of financial leadership roles, including treasurer and senior vice president of property development, before being elevated to chief financial officer.

In a memo dated June 22, Sam’s Club CEO Rosalind Brewer said she appreciated Dastague for his contributions to Sam’s Club and wished him the best in his new role at Walmart.

“He’s been a very important leader in our organization since he joined the company,” she said. Brewer added that she’s “excited about the deep expertise and global perspective Maarten will bring to Sam’s Club.”