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DOUGLAS MCMILLON, YOUNGEST CEO IN THE HISTORY OF WAL-MART

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DOUGLAS MCMILLON, YOUNGEST CEO IN THE HISTORY OF WAL-MART

Yashasvi Khushu || The CEO Magazine

Sitting at a net worth of $100 million is the youngest CEO in the history of Wal-Mart, C. Douglas McMillon, the President And Chief Executive Officer of the world’s largest private workforce, with 2.3 million employees at the Wal-Mart Stores, Inc. (Wal-Mart).

‘Saving people money so they can live better’, the mission that Wal-Mart believes in is being led under the management of Douglas strongly. Today, in his supervision, the brand name has bought together a vast logistics network, digital commerce capacity, stores, and means of empowering the customers wherever, whenever and however they would want.

C. Douglas McMillon

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Wal-Mart has opened thousands of stores in the U.S. and expanded internationally. Through innovation, they create a seamless experience to let customers shop anytime and anywhere online, through mobile devices and in stores. They are creating opportunities and bringing value to customers and communities around the globe. Wal-Mart operates over 11,200 stores under 55 banners in 27 countries and eCommerce websites in 10 countries. They employ approximately 2.2 million associates around the world out of which 1.5 million are in the U.S. alone.

Douglas completed his graduation in Bachelor of Science in Business Administration from the University of Arkansas and later from the University of Tulsa; he earned his MBA in Finance. In February 2009-2014, he had to his administration a rapidly growing segment of the overall operations of the company, Wal-Mart International. This segment took care of 26 countries outside the USA with approximately 800,000 associates and 6400+ stores to take care of. Before that, from 2006 to 2009, he was serving as the president of Sam’s Club; this is an operating segment at Wal-Mart which generated approximately $50 billion annual revenue during his tenure.

C. Douglas McMillon has a long history with Wal-Mart, the culture of the company and the associates working in it. This guy started young in 1984 with the brand as a summer associate working on an hourly basis at one of the distribution centres. Later in 1990 he came back to the company and joined as an assistant manager while pursuing his MBA in Tulsa, Okla before he shifted his interest to merchandising and changed his job to a buyer trainee in the same company. He achieved new heights with time and successfully played a significant role in various esteemed leadership positions in the business segment at Wal-Mart. His heart of a merchant completely comprehends the consumer’s mind and towards what direction are they heading.

Serving on multiple boards of Wal-Mart, the U.S.-China Business Council, Crystal Bridges Museum of American Art as the Director, and the Consumer Goods Forum, Douglas also takes care of the advisory board in Beijing, China for the Tsinghua University School of Economics and Management and serves as the advisor to Dean at the University of Arkansas for Walton College of Business.

Born on 17 October 1966 and originally from Bentonville, Arkansas, US, This CEO has been recognized by ‘The World Economic Forum’ as a ‘Young Global Leader’. With Douglas coming into the picture, Wal-Mart has collaborated and strengthened with others providing equal opportunity of transformations. He has taken up sustainability, community, and opportunity in potential and needs worthy areas to create shared value for the society and the customers, both.

Wal-Mart Foundation provides more than $1 billion in cash and in-kind to support programs that align with their philanthropic priorities. Their ability to draw on Wal-Mart’s business strengths, providing more than just funding, helps them in delivering greater societal impact. Today because of the efforts of the Foundation, they create opportunities for people to live better every day.

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