Doug McMillon - Walmart Ceo
Carl Douglas "Doug" McMillon (born October 17, 1966) is an American businessman and is the president and chief executive officer (CEO) of Wal-Mart Stores, Inc. He sits on the retailer's board of directors. Having first joined the company as a summer associate in high school, he became the company's fifth CEO in 2014. He previously led the company's Sam's Club division, from 2005 to 2009, and Walmart International, from 2009 to 2013.
Early life
McMillon was born in Memphis, Tennessee, and grew up in Jonesboro, Arkansas. He was the oldest of three children born to Laura and Morris McMillon, a dentist who served in Vietnam. His parents moved the family to Bentonville, Arkansas, the home of Walmart headquarters, when McMillon was 16. A sports enthusiast, McMillon played point guard on the Bentonville high school basketball team.
Career
McMillon has worked for Walmart throughout his career. He took on his first role with the company as a teenager in 1984. He later became a buyer, then moved into management roles before becoming CEO in 2014.
Early career
Sam's Club (2005â"2009)
Walmart promoted McMillon to president and CEO of Sam's Club on August 4, 2005. Under McMillon, the wholesaler emphasized marketing to small business customers. Additionally, McMillon incorporated what The Wall Street Journal called "treasure hunt" items, premium items including diamond necklaces and wine vacations, in an attempt to compete with Costco Wholesale Corp.
Walmart International (2009â"2013)
Walmart officials moved McMillon from his role at Sam's Club to lead Walmart's international division in February 2009, replacing Mike Duke, who was promoted to CEO of Wal-Mart Stores, Inc. Under McMillon, Walmart International focused on improving in existing markets, such as Canada, China, United Kingdom and the Americas. One area of particular importance to McMillon was integrating Walmart's "everyday low prices" model to these international markets. Also under McMillon, the international division acquired a majority stake in South Africa's Massmart Holdings Ltd. for US$2.4Â billion.
During McMillon's tenure, Walmart International's sales growth outpaced Walmart U.S. and grew to 29 percent of total sales companywide. When McMillon first became head of the division, it comprised more than 3,300 stores in 14 countries. When Walmart announced it would move him to head Wal-Mart Stores, Inc. in late 2013, Walmart International operated 6,300 stores in 26 countries.
CEO of Wal-Mart Stores, Inc. (2014â"present)
Walmart announced on November 25, 2013, that McMillon would immediately join the company's board of directors, and would replace Mike Duke as Walmart CEO on February 1, 2014, becoming the company's fifth-ever chief executive.

In February 2015, McMillon announced Walmart would invest an additional US$2.7Â billion in higher associate wages, benefits and training, including raising its lowest wage to US$9 an hour in 2015 and US$10 an hour for 2016. The action affected 40 percent of the company's 1.4Â million U.S. workers. In January 2016, McMillon announced raises for the majority of its workers, free basic short-term disability for full-time workers and a revised paid time off program.
McMillon made it a long-term goal of Walmart to increase investments in e-commerce, stressing a need to create a "seamless shopping experience". As such he announced in 2015 that Walmart would invest US$1Â billion on its online operations. Another goal of McMillon's is to improve the company's environmental sustainability and eliminate waste across the company. In 2014, Walmart began rolling out an initiative to replace lighting in its stores in the U.S., UK, Latin America and Asia with LED lights for energy efficiency. At the Davos World Economic Forum in January 2016, McMillon said Walmart would press three of its main goals: supply the company with renewable energy, eliminate waste and promote sustainably packaged goods.
As CEO, McMillon sought to make a "positive difference" in other issues. On March 31, 2015, McMillon issued a statement urging Arkansas Gov. Asa Hutchinson to veto the state's "religious freedom" bill. McMillon said the bill "threatens to undermine the spirit of inclusion present throughout the state of Arkansas and does not reflect the values we proudly uphold". In June 2015, McMillon said the company would stop selling Confederate flag merchandise following the shooting of nine black churchgoers in Charleston, South Carolina. McMillon also altered Walmart's gun sales. He told CNNMoney in an interview that Walmart's selection of firearms should be geared towards hunters and sports shooters. In August 2015, the company ceased sales of military-style semiautomatic weapons.
Forbes named McMillon to its World's Most Powerful People list in 2014 and 2015, where he ranked No. 29 and No. 32, respectively. ExecRank ranked McMillon No. 4 on its 2015 list of top CEOs for large companies.
Personal life
McMillon lives with his wife, Shelley, in Bentonville, Arkansas. They have two sons.
References
External links
- Official website
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