Walmart Names Doug McMillon CEO
Walmart announced a change at the top Monday, revealing that Mike Duke will retire, with Doug McMillon taking over next Feb. 1.
The 47-year-old McMillon is currently CEO of Walmart International.
“This leadership change comes at a time of strength and growth at Walmart,” Rob Walton, chairman of Walmart’s board of directors, said as part of the announcement. “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.”