From wire reports Tuesday November 26, 2013 12:54 AM
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Phelan M. Ebenhack | associated pressPresident and CEO Mike Duke has been with Wal-Mart Stores Inc. since 1995 and at the helm of the company since 2009.
BENTONVILLE, Ark. — Wal-Mart Stores CEO and President Mike Duke plans to step down on Feb. 1.
The company said yesterday that Doug McMillon, head of international operations, will succeed him.
Duke, 63, who has been with Wal-Mart since 1995, has been at the helm since February 2009. He will stay on as chairman.
McMillon, 47, marks the fifth CEO since Wal-Mart’s founder Sam Walton, and all of them have been home-grown with years of experience before taking over.
McMillon was also elected to the company’s board of directors, effective immediately.
Enlarge ImagePhelan M. Ebenhack | associated pressPresident and CEO Mike Duke has been with Wal-Mart Stores Inc. since 1995 and at the helm of the company since 2009.
BENTONVILLE, Ark. — Wal-Mart Stores CEO and President Mike Duke plans to step down on Feb. 1.
The company said yesterday that Doug McMillon, head of international operations, will succeed him.
Duke, 63, who has been with Wal-Mart since 1995, has been at the helm since February 2009. He will stay on as chairman.
McMillon, 47, marks the fifth CEO since Wal-Mart’s founder Sam Walton, and all of them have been home-grown with years of experience before taking over.
McMillon was also elected to the company’s board of directors, effective immediately.