Well, not exactly young, but 47. That’s younger than me, at least.
Doug McMillon will succeed Mike Duke, 63, as president and chief executive officer of Wal-Mart Stores Inc., starting Feb. 1, 2014.
It's a blue and yellow rags to riches story. That’s pretty heady stuff, holding the reigns of a company with $466 billion in global sales and 245 million customers every week.
The release touted his experience and vision, with Rob Walton, chairman of Wal-Mart’s board of directors, stating McMillon is “uniquely positioned” to serve the changing global consumer while “remaining true to our culture and values.” Walton said McMillon “reinvigorated the productivity loop” and delivered strong financial performance.
Walton continues: “During his tenure the company made critical investments in talent and technology to expand Wal-Mart to even more customers globally and stepped up its progress on social and environmental issues. Mike also has a strong commitment to diversity, and has been especially engaged in advancing women throughout organization. He set a tone at the top to never be satisfied, to always accelerate and do better, while remaining true to the culture that has been core to the company’s success.”
Hmm. Yes, but who is Doug McMillon?
The first Google answer to that question was answered with this Wal-Mart bio.
From that bio:
Doug McMillon is the president and chief executive officer of Wal-Mart International, a fast-growing segment of Wal-Mart’s overall operations, with 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 Wal-Mart, with sales of more than $46 billion during his tenure.
In 1984, Doug began his career with the company as a summer associate in a Wal-Mart Distribution Center. In 1990, while pursuing his MBA, he rejoined the company in a Tulsa, Okla., Wal-Mart store. Much of Doug’s 22-year career has been in merchandising in the Wal-Mart U.S. division, with experience in food, apparel and general merchandise. He has also held various merchandising positions at Sam’s Club and Wal-Mart International in addition to holding leadership roles in all three operating segments of the company.