New boss of Wal-Mart
Doug McMillon was appointed as president and ceo of Wal-Mart this month.
McMillon will succeed Mike Duke, who has held the role since 2009, on February 1 2014.
McMillion said it was “great privilege” to have the opportunity to lead the retailer.
“Our management team is talented and experienced, and our strategy gives me confidence that our future is bright,” McMillon said. “By keeping our promise to customers, we will drive shareholder value, create opportunity for our associates and grow our business.”
Rob Walton, chairman of Wal-mart’s board of directors, said McMillon had a deep understanding where of customers globally were heading next.