Former Trustee Mike Duke Elected President and CEO of Wal-Mart Stores
By ADD SEYMOUR JR.
Mike Duke, Wal-Mart international division vice president and a former member of the Morehouse Board of Trustees will become president and chief executive officer of Wal-Mart Stores, the world’s largest retailer, the company has announced.
Duke was elected president and CEO by Wal-Mart’s board of directors and will take over for the retiring Lee Scott on Feb. 1, 2009.
“Mike Duke is a highly-respected executive both domestically and internationally, with broad experience throughout the company having successfully led Wal-Mart’s Logistics Division, U.S. operations and International operations,” said Rob Walton, chairman of the Wal-Mart Board of Directors. “He understands retail and appreciates the complex global environment in which we operate. He is committed to the culture of Wal-Mart, its mission, and to our associates and customers. He has built strong teams where he has led.”
“I am looking forward to leading this great company,” Duke said. “Wal-Mart is well positioned in today’s economy, growing market share and returns, and is more relevant to its customers than ever. Our strategy is sound and our management team is extremely capable. I am confident we will continue to deliver value to our shareholders, increase opportunity for over 2 million associates, and help our 180 million customers around the world save money and live better.”
Duke, a Georgia Tech graduate, was a member of the Morehouse Board of Trustees from 2005 to 2008, serving on the development and finance committees.
“The College is pleased to know that former trustee Michael Duke has been named the new president and CEO of Wal-Mart,” said President Robert Michael Franklin Jr. ‘75. “Michael bought invaluable expertise and insight to the Board and the College during his tenure. We wish him all the best in his new endeavor.”
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