Walmart appoints Doug McMillon as president and CEO
US retail giant Walmart has announced that Doug McMillon will succeed Mike Duke as president and chief executive officer of the group.
Currently head of Walmart’s international operations, McMillon will take up his new role on 1 February although Duke will continue serving as chairman of the executive committee of the board and, in the tradition of his predecessors, stay on as an advisor to McMillon for a period of a year.
“This leadership change comes at a time of strength and growth at Walmart,” said Rob Walton, chairman of Walmart’s board of directors. “The company has the right strategy to serve the changing customer around the world, and Doug has been actively involved in this process. The company has a strong management team to execute that strategy.”
McMillon added: “The opportunity to lead Walmart is a great privilege. Our company has a rich history of delivering value to customers across the globe and, as their needs grow and change, we will be there to serve them. Our management team is talented and experienced, and our strategy gives me confidence that our future is bright. By keeping our promise to customers, we will drive shareholder value, create opportunity for our associates and grow our business.”
Never Miss a Retail Update!Walmart, which owns the Asda supermarket chain in the UK, said it plans to make an announcement on McMillon’s successor as chief executive of Walmart International by the end of the financial year.
