Walmart has announced that chief executive officer Mike Duke will retire in February, Internet Retailer reported on November 25.
Ahead of Duke’s departure, Doug McMillon, currently the company’s president and CEO of international operations, has been promoted to chief executive.
“Our company has a rich history of delivering value to customers across the globe and as their needs grow and change we will be there to serve them,” McMillion said in a press statement, according to Internet Retailer.
To learn more about Walmart’s upcoming leadership change, read the full story here.
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