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Doug Mcmillon

President & CEO

Doug McMillon, President and CEO, Walmart Inc.



Background and Career Overview


Doug McMillon, born on October 17, 1966, began his lifelong career with Walmart in 1984 as an hourly associate, eventually rising to become the President and CEO in 2014. His early roles included picking orders and unloading trailers in a warehouse. McMillon has held senior leadership positions across Walmart's various business segments, including President and CEO of Sam's Club and Walmart International.

Education


  • Bachelor's Degree in Accounting from the University of Arkansas.

  • MBA from the University of Tulsa.


Leadership as CEO


Since becoming CEO in 2014, McMillon has transformed Walmart into a people-led, tech-powered omnichannel retailer. Under his leadership, Walmart has significantly invested in:
  • Employee Wages: Raised hourly wages for U.S. associates, affecting approximately 40% of the 1.4 million U.S. workforce.

  • Benefits and Training: Introduced expanded parental leave, free basic short-term disability for full-time workers, and paid time off programs.

  • Education: Launched debt-free college programs and other educational opportunities.

  • Technological Advancements: Boosted e-commerce and introduced tech initiatives to improve customer and associate experiences.

  • Sustainability: Launched Project Gigaton to reduce, avoid, or sequester 1 billion metric tons of emissions worldwide by 2030.


Compensation


McMillon's total compensation for 2023 was $26.9 million, which includes stock awards pushing his total to $27 million. His compensation reflects his pivotal role in driving Walmart's strategic initiatives and overall performance.

Board Memberships and Affiliations


  • Business Roundtable

  • Consumer Goods Forum

  • U.S.-China Business Council


Strategic Initiatives and Social Responsibility


  • Wage Increases: Raised the company's lowest wage to $9/hour in 2015 and $10/hour in 2016 in an effort to retain happier workers and improve customer service.

  • Investment in E-commerce: Directed a $1 billion investment into Walmart's online operations to compete with giants like Amazon.

  • Environmental Sustainability: Committed to goals such as sourcing renewable energy and eliminating waste.

  • Social Issues: Publicly opposed Arkansas' "religious freedom" bill and ceased the sale of Confederate flag merchandise, reflecting the company's inclusive values.


Personal Life


Doug McMillon is married to Shelley McMillon, and they have two sons. They reside in Bentonville, Arkansas. McMillon identifies as a born-again Christian, a background that may influence his leadership values and community-focused initiatives.

Additional Information Sources






This comprehensive profile highlights Doug McMillon's strategic vision and leadership at Walmart. His focus on employee welfare, technological innovation, and sustainable practices positions Walmart favorably within the competitive retail landscape.