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Thomas M. Schoewe (born 1952) was the chief financial officer and executive vice president of Wal-Mart Stores, Inc. until January 2011.He was with the company since taking his positions in January 2000. Prior to joining Wal-Mart he was with Black and Decker where he held the same positions of CFO and executive vice president from 1993 to 1999. He attended Loyola University Chicago where he graduated with a Bachelor of Business Administration degree in finance. He served on the board of directors at General Motors.
The chief financial officer (CFO) is the officer of a company that has primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting. In some sectors, the CFO is also responsible for analysis of data. Some CFOs have the title CFOO for chief financial and operating officer. In the United Kingdom, the typical term for a CFO is finance director (FD). The CFO typically reports to the chief executive officer (CEO) and the board of directors and may additionally have a seat on the board. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO directly assists the chief operating officer (COO) on all strategic and tactical matters relating to budget management, cost–benefit analysis, forecasting needs, and securing of new funding.
Loyola University Chicago is a private Catholic research university in Chicago, Illinois. Founded in 1870 by the Jesuits, Loyola is one of the largest Catholic universities in the United States. Loyola's professional schools include programs in medicine, nursing, and health sciences anchored by the Loyola University Medical Center.
The Bachelor of Business Administration is a bachelor's degree in business administration.
In August 2005, Schoewe served a prison sentence after being convicted of driving his red Corvette 110 miles per hour at 1:30 a.m. on January 1, 2005. There were reports that at the time of the incident Mr. Schoewe was under the influence of alcohol. Wal-Mart spokeswoman Mona Williams commented on the incident, stating, "We all know it was a foolish thing to do. He learned from it, and as far as we're concerned it is behind us."
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