Wal-Mart Stores here on Monday said it has named Doug McMillon president and chief executive officer, succeeding Michael Duke, who will retire, effective Feb. 1.
“Mike put in place the building blocks for the next generation Wal-Mart and today the company is stronger, more global and more unified across all our stores, mobile and online,” said Walton. “He also reinvigorated the productivity loop and delivered strong financial performance. During his tenure the company made critical investments in talent and technology to expand Walmart to even more customers globally and stepped up its progress on social and environmental issues.”
Date: Nov. 25, 2013