Forty-seven year old Douglas McMillon is set to take over the helm of the company upon the retirement of the current CEO, Michael Duke in February, 2014. This announcement was made by Wal-Mart Stores, Inc. (WMT) on November 25, 2013, and makes McMillon the youngest CEO in the history of the company.
Walmart’s new CEO is currently the head of Wal-Mart International where he is responsible for overseeing the company’s operations in over twenty-six countries. His appointment as the fifth CEO of the company is indicative of the company’s acceptance of the fact that it is now experiencing a phase with ‘changing customer demographics’, one that is increasingly international and increasingly online as well.
Read More : WMT
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