Wal-Mart CEO: Doug McMillon to Step Up in Feb., Started in Warehouse

Monday, 25 Nov 2013 05:31 PM

By Robin Farmer

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The new Wal-Mart CEO is Doug McMillon, who began his career at the company as a teen working in a warehouse.

The retail giant announced Monday that McMillon, head of international operations, will succeed current president and CEO Mike Duke.

McMillon is the fifth home-grown CEO since Sam Walton, who founded the company. He is expected to “infuse a youthful spirit into Wal-Mart’s culture” at a time the company is trying to attract more technology-driven customers shopping for mobile devices and tablets, The Associated Press reported.

Editor's Note: ObamaCare Is Here. Are You Prepared?

The announcement arrives days before the launch of the holiday shopping season. It also comes as Wal-Mart is trying to increase sales in the U.S. and globally amid slower growth and blemishes on its reputation, according to the AP.

Among the challenges McMillon faces is competition from online competitors that offer cheaper prices, stagnant wages for the company’s low-income shoppers, and criticism for its oversight of factory conditions after a building collapsed in Bangladesh and killed at least 1,127 garment workers.

Additionally, allegations surfaced last year of company officials engaging in bribery in Mexico to speed up building permits, among other things. Overseas business has since slowed.

Duke's decision to leave Wal-Mart was "a personal one," and had nothing to do with the bribery allegations, Dave Tovar, a Wal-Mart spokesman, told the AP.

McMillon’s history with the store chain began in the summer of 1984, when he worked as an intern in a distribution center before leaving for the University of Arkansas.

While pursuing his MBA, he rejoined the company in 1990 and spent more than two decades building his career, mostly in merchandising positions.

“A merchant at heart, Doug has both a long history with our company and a keen sense of where our customers globally are heading next,” said billionaire Wal-Mart Chairman Rob Walton in a statement.

“He has also shown strong leadership on environmental sustainability and a commitment to using Walmart’s size and scale to make a difference in the lives of people, wherever they might be.”

Editor's Note: Do You Support Obamacare? Vote in Urgent National Poll

Related Stories:

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

President Erdogan of Turkey Says Women Are Not Equal to Men

Monday, 24 Nov 2014 16:39 PM

Turkey's President Recip Tayyip Erdogan told women at a conference Monday that they can never be equal to men, and that  . . .

Arson Fire? Poland's 750-Year-Old Tree 'Grandpa' Damaged by Flames

Monday, 24 Nov 2014 15:56 PM

A 750-year-old tree in Poland, believed to be the oldest in the country, was damaged by a suspected arson fire last week . . .

Amazon Black Friday Deals Extend for a Week Before Big Shopping Day

Monday, 24 Nov 2014 13:56 PM

Amazon's Black Friday sales started a week early this past Friday, with the Internet retailer posting new deals every 10 . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved