McMillon to Replace Duke as Walmart CEO

doug-mcmillon-shareholders-2012-300Walmart Stores Inc’s board of directors has elected company veteran Doug McMillon to succeed Mike Duke as president and chief executive officer, effective Feb. 1. McMillon was also elected to the company’s board of directors, effective immediately.

McMillon is the president and chief executive officer of Walmart International, and oversees more than 6,300 stores and more than 823,000 associates in 26 countries outside the United States.

From 2006 to February 2009, Doug served as president and chief executive officer of Sam’s Club, an operating segment of Walmart, with sales of more than $46 billion during his tenure.

McMillon began his career with the company in 1994 as a summer associate in a Walmart Distribution Center.

Since joining Walmart in 1995, Duke has led the logistics, distribution and administration divisions as well as Walmart U.S. As vice chairman, Duke was actively involved in developing and executing corporate strategy. He focused on setting higher standards of excellence for the company’s resources and people — from the redesign of logistics and merchandise distribution systems, to the recruitment of talent, and development of strong teams.

Prior to joining the company, Duke had 23 years of experience in retailing with Federated Department Stores and May Department Stores.

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