Doug McMillon is the CEO and President of Walmart Stores Inc., an American retail chain of discount departmental stores, grocery stores and hypermarkets. He is also a member of the board of directors of the company. Earlier, he was the CEO and President of Sam’s Club, a segment of Walmart, during which the company reached annual sales over $46 billion.
McMillon served as the CEO and President of Walmart International from 2009 to 2014, with over 6300 stores and 823,000 associated across 26 countries apart from the US. It was McMillon under whose leadership Walmart acquired markets in UK, China, Central America, Brazil and Canada. He also worked for the globalization of Walmart’s EDLP strategy, and also implemented it in many Walmart stores on a global level.
Doug McMillon Parents: Laura McMillon and Morris McMillon
Born in 1965, McMillon was brought up in Arkansas by parents Laura and Morris McMillon. His father, Morris, was a dentist by profession, and used to serve in the Vietnam War. His mother, Laura, was a housewife, who served as a major inspiration in Doug’s life. He received his bachelor’s degree in 1989 from the University of Arkansas, and MBA in 1991 from the University of Tulsa.
He joined a Walmart distribution center as an associate while still studying to pay for his tuitions. Soon, Doug completed studies and took over major responsibilities in the Sam’s Club. After gaining immense experience in food, apparel and other merchandise, he became the company’s CEO, and took the business to new heights of success.
Doug McMillon Spouse: Shelley McMillon
Doug McMillon met Shelley McMillon at a summer job in Bank of Bentonville, and later married her. She completed her B.Sc. in education from the Missouri State University, and is a member of board of directors in the Children’s Advocacy Center of Benton County, and also Bentonville Library Foundation. She, along with her husband, serves volunteer leadership roles for the Campaign Arkansas.
In 2014, they donated $1 million for the establishment of McMillon Family Endowed Excellent Fund for benefiting Sam M. Walton College of Business. Today, the couple has two sons, and family lives in a luxurious house in Bentonville, Arkansas.
Net worth
Doug McMillon is counted among the most powerful people in the world with a rank of under 35. Doug is a businessman at heart, and does business with customer’s perspective and expectations in mind.