UPDATE: Wal-mart (WMT) Cheif Marketing Officer Quinn Said Leaving Next Month

Wal-mart (NYSE: WMT) marketing chief Quinn said leaving next month, according to Dow Jones.

UPDATE - Quinn has been Chief Marketing Officer at Wal-mart since 2007.

January is the end of Wal-mart's fiscal year.

Wal-mart is also said planning to hire Michael Francis as marketing consultant. Francis worked at Target (NYSE: TGT) for almost 30 years. The exec will implement a broad marketing revamp at Wal-mart and is likely to work closely with Quinn's successor.

Shares of Wal-mart are up around 1 percent.

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