Doug McMillon

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Doug McMillon
Born Carl Douglas McMillon
(1966-10-17) October 17, 1966 (age 49)
Jonesboro, Arkansas, US
Residence Bentonville, Arkansas, US
Nationality American
Alma mater University of Arkansas
University of Tulsa
Occupation President and CEO, Walmart
Salary $26 million (2014)[1]
Spouse(s) Shelley McMillon
Children 2
Parent(s) Morris and Laura McMillon

Carl Douglas "Doug" McMillon (born October 17, 1966) is the President and Chief Executive Officer of Walmart Stores, Inc. (NYSE: WMT). McMillon was promoted to succeed Mike Duke as President and Chief Executive Officer of Walmart on November 25, 2013 and assumed the role on February 1, 2014. McMillon also sits on the company’s board of directors.

Early life[edit]

McMillon was born and grew up in Jonesboro, Arkansas,[2] the son of Morris and Laura McMillon.[3] His father was a dentist who served in the Vietnam War.[4]

He received a bachelor's degree in accounting from the University of Arkansas in 1989 and an MBA from the University of Tulsa in 1991.[5][6]

Career[edit]

In 1984, McMillon began his career with Walmart as a summer associate in a distribution center.[7] In 1990, while pursuing his MBA, he rejoined the company in a Tulsa, Oklahoma Walmart store.[8] Much of McMillon’s 22-year career has been in merchandising in the Walmart U.S. division, with experience in food, apparel and general merchandise.[7] He has also held various merchandising positions at Sam's Club and Walmart International in addition to holding leadership roles in all three operating segments of the company.[8]

  • 1984 – Summer associate at a Walmart Distribution Center[6]
  • 1990 – Began full-time career working at a Walmart in Tulsa, Oklahoma[6]
  • 2006–2009 – President and CEO of Sam's Club[6]
  • 2010–2013 – President and CEO of Walmart International (succeeding Mike Duke)[6][9]
  • 2013 – CEO of Walmart

Sam’s Club[edit]

From 2006 to 2009, McMillon served as President and CEO of Sam’s Club, an operating segment of Walmart, with sales of more than $46 billion annually during his tenure.[10] Prior to heading Sam’s Club, McMillon held the role of Executive Vice President of merchandising and replenishment and helped drive the renewed focus on small business owners.

Walmart International[edit]

From February 2009 to January 2014, McMillon was the President and CEO of Walmart International, with more than 6,300 stores and more than 823,000 associates in 26 countries outside the US.[10] During McMillon’s tenure, Walmart International grew revenues by more than $50 billion and added nearly 3,000 stores.[11] McMillon oversaw acquisitions in markets such as China, the United Kingdom, Canada, Brazil, Central America and a majority stake in the sub-Saharan Africa retailer Massmart Holdings Ltd., which brought the company to Africa.[12]

McMillon also worked to globalize Walmart’s EDLP (Every Day Low Prices) strategy and began to implement the strategy in some of Walmart’s International markets.[13]

Memberships and associations[edit]

McMillon serves on the board of directors of the U.S. China Business Council, the executive committee and board of directors for Enactus (formerly known as SIFE), the board of directors for Walmart Mexico, and has been recognized as a Young Global Leader by the World Economic Forum.[citation needed]

McMillon spoke at the Brookings Institution in November 2011 on the role of private companies in developing market-based solutions for addressing global challenges.[14] McMillon has talked about the impact and opportunities surrounding the global middle class in China, the importance of the changing role of women around the world and the company’s new focus on ecommerce, mobile and social commerce.[citation needed]

McMillon participated in the 2012 Aspen Ideas Festival CEO Series where he addressed how the private sector can partner with NGOs and government to address the challenges society is facing.[15] He concluded by saying, “We are not perfect, but we are a force for good, and things are better because we are here.”[16]

McMillon was reported to have been a friend of the Walton family where in addition to his work for Walmart, he was on the Dean’s Advisory Board for the Sam M. Walton College of Business at the University of Arkansas, as well as the board of directors of family-sponsored Crystal Bridges Museum of American Art.[17]

Politics[edit]

McMillon criticized the Arkansas bill allowing judicial scrutiny in cases that regard to religious belief, saying that it "threatens to undermine the spirit of inclusion".[18]

Personal life[edit]

McMillon and his wife Shelley live in Bentonville, Arkansas and have two sons.[2]

References[edit]

  1. ^ Neate, Rupert (28 February 2015). "Walmart minimum wage to keep staff rise piles pressure on rivals". The Guardian. Retrieved 28 February 2015. 
  2. ^ a b "About Wal-Mart CEO Doug McMillon". CNBC. Associated Press. 26 February 2015. Retrieved 28 February 2015. 
  3. ^ "C. Douglas McMillon". Walmart1percent. Retrieved 28 February 2015. 
  4. ^ Souza, Kim (11 November 2014). "Wal-Mart, actor Jon Voight salute America’s veterans at Bentonville celebration". The City Wire. Retrieved 28 February 2015. 
  5. ^ "Doug McMillon's competitive spirit works well at Walmart – USATODAY.com". Usatoday30.usatoday.com. 2010-04-18. Retrieved 2014-04-29. 
  6. ^ a b c d e "Walmart Corporate – Doug McMillon – President and CEO, Walmart International". Corporate.walmart.com. Retrieved 2013-11-27. 
  7. ^ a b "Doug McMillon Wal-Mart CEO Bio". Business Insider. 2013-11-27. Retrieved 2014-04-29. 
  8. ^ a b Jopson, Barney (2013-11-29). "Doug McMillon: The southern charmer taking over Walmart’s retail empire". FT.com. Retrieved 2014-04-29. 
  9. ^ "Doug McMillon | CrunchBase Profile". Crunchbase.com. Retrieved 2013-11-27. 
  10. ^ a b "Walmart Corporate – Doug McMillon – President and CEO, Wal-Mart Stores, Inc". Corporate.walmart.com. Retrieved 2014-04-29. 
  11. ^ "Press releases : Doug McMillon Named President and CEO of Walmart International". .samsclub.com. Retrieved 2014-04-29. 
  12. ^ Maylie, Devon (2012-03-09). "Wal-Mart, Massmart Merger Approved in South Africa – WSJ.com". Online.wsj.com. Retrieved 2014-04-29. 
  13. ^ "Walmart International CEO Doug McMillon Bets Career On EDLP". Business Insider. 2012-06-04. Retrieved 2014-04-29. 
  14. ^ http://www.brookings.edu/~/media/events/2011/11/01 private sector development/20111101_private_sector_development
  15. ^ "CEO Series: The Role of Business in Addressing the Nine Billion | Aspen Ideas Festival". Aspenideas.org. 2011-07-11. Retrieved 2014-04-29. 
  16. ^ Jen McClure (2012-06-30). "CEO Series: An Interview with Walmart's Douglas McMillon | The Knowledge Effect". Blog.thomsonreuters.com. Retrieved 2014-04-29. 
  17. ^ "Walmart Names Doug McMillon New CEO To Succeed Mike Duke". Forbes. 2013-10-30. Retrieved 2013-11-27. 
  18. ^ Kim, Susanna (April 1, 2015). "Walmart Takes Firm Stand Against Arkansas Religious Freedom Bill". ABC News. Retrieved 11 December 2015. 

External links[edit]

Preceded by
Mike Duke
CEO of Wal-Mart
2013–present
Succeeded by
Incumbent