Walmart Founder's Son to Retire From Retailer's Board
By Ben Glickman
Walmart's one-time chair and long-serving board member Rob Walton, the son of the retail giant's founder, will retire from the company's board in June.
The company said in its annual proxy statement that Walton was the longest-serving board member at Walmart after more than 40 years. He joined the company in 1969 and worked alongside Walmart founder Sam Walton's 5&10 store.
Walton was chair of Walmart's board from 1992 to 2015.
Walmart said in its filing that it was nominating Brian Niccol, chairman and chief executive of Chipotle Mexican Grill, to the board.
The company said that Niccol would be the fifth new independent director elected to the board since 2017.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
April 25, 2024 17:12 ET (21:12 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Markets Brief: Tech Stocks Lead Ahead of Nvidia Earnings
-
How Anti-Obesity Drugs Are Innovating the Healthcare Market
-
What’s Happening In the Markets This Week
-
Why Immigration Has Boosted Job Gains and the Economy
-
What to Invest in During High Inflation
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
After Earnings, Is Lyft Stock a Buy, a Sell, or Fairly Valued?
-
8 Stock Picks in the Apparel Industry
-
Baidu Earnings: Advertising Weakness Offset by Continued Growth In Cloud Business
-
Going Into Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?
-
Walmart Earnings: Low Prices and Strong Digital Presence Drive Market Share Gains
-
After Earnings and a Big Selloff, Is Shopify Stock a Buy, a Sell, or Fairly Valued?
-
Cisco Earnings: Positive Guidance and Splunk Inclusion Align With Our Long-Term Thesis
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing