Advertise with

Wal-Mart former chief retiring from board
Wal-Mart former chief retiring from board

Wal-Mart former chief retiring from board

FMCG SUPPLIER NEWS - Apr 25th 2014, 12:11

Bentonville, Ark. -- Wal-Mart Stores, Inc.has announced that its former president and CEO Lee Scott will not seek re-election to the company’s board of directors. 

As well, current board member Chris Williams will not stand for re-election to the board of directors at Walmart’s Annual Shareholders’ meeting on June 6.

Scott will complete his service as a Director in June at the Annual Shareholders’ Meeting in line with Walmart’s historical practice for its prior CEOs’ board service. Williams is rotating off of the Board after 10 years of service in accordance with Walmart’s corporate governance guidelines.

Scott served as Walmart’s president and CEO from January 2000 until his retirement on Jan. 31, 2009.

Williams is the chairman and CEO of investment bank The Williams Capital Group, L.P.

With Scott’s and Williams’ retirement, the Walmart board will consist of 14 directors, all of whom will stand for re-election to the board at Walmart’s Annual Shareholders’ Meeting on June 6. 

Related News

Temporary employment services offer a dynamic staffing solution to help the retail sector cater for the seasonal peak
10/10/2019 - 14:56
As we head into the final stretch of the year it is time to start gearing up for the added demands of the summer season. From factories and warehouses to retail outlets, the entire retail chain is under added pressure during this seasonal time of high demand. Temporary employment services (TES) can help all areas of the retail sector to cater to this peak with additional and flexi staff exactly when and where they are needed, with the right skills for the job, and none of the administrative headache of hiring permanent or contract staff.

How to attract and retain the best employees
24/09/2019 - 12:54
Finding the right employee can be a time-consuming process – especially when you’re looking to hire the best candidate for the job. But there are simple steps one can take to find employees who are best suited for your culture and the future success of your business.

Rooibos tea deal changes rural community's fortunes
24/09/2019 - 10:47
A small rural community is set to supply the Spar Group with South Africa's legendary rooibos tea.

Massmart partners with Walmart’s global sourcing team to help local suppliers export to Walmart markets
10/09/2019 - 09:28
Representatives from Walmart’s Global Sourcing team are in Johannesburg to meet with 18 of Massmart’s South African suppliers who are interested in exploring opportunities to export their products to Walmart markets.

Walmart Q2 revenue grows 1.8% year on year
20/08/2019 - 14:13
Total revenue of Walmart for its second quarter (Q2) of Financial Year 2020 (FY20) ending July 31 hit $130.4 billion, up 1.8 percent year on year, while the net sales of Walmart International decreased 1.1 percent year on year to $29.1 billion, the company reported.