Discount giant Wal-Mart Stores Inc. has hired a global chief compliance officer and streamlined its ethics and compliance department as it faces continued scrutiny over alleged bribery in its Mexico subsidiary.
In a company-wide memo on Wednesday, Chief Executive Mike Duke said starting Dec. 1, the retailer's legal, investigations, ethics and compliance sections will be combined into one group that reports to Wal-Mart general counsel Jeff Gearhart, Reuters reports.
The world's largest retailer also appointed Jay Jorgensen, a lawyer who once clerked for a Supreme Court justice, to the newly created position of global chief compliance officer. He will report to Gearhart.
Wal-Mart is facing investigations by the Securities and Exchange Commission and the Justice Department launched after the New York Times reported in April that company officials at its Mexico operations routinely used bribery to smooth the way for expansion. Various Mexican government agencies are investigating the corruption allegations as well.