Doug McMillon Bio, Age, House, Walmart CEO, Resigns, Salary

doug macmillan photo
doug macmillan photo

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Doug McMillan Biography and Wiki

Doug McMillan is an American businessman who serves as the President and CEO of Walmart Inc. He is a director on the retailer’s board. In 2014, he was named the business’s fifth CEO, after initially working there as a summer aide while in high school. From 2005 to 2009, he served as the president of the organization’s Sam’s Club division. From 2009 to 2013, he served as the President of Walmart International.

Doug McMillan Education

McMillan began working as a summer associate for Walmart in his teens. He used to unload trucks at a distribution center during the summer. McMillan attended the University of Arkansas after high school and received a bachelor’s degree there in 1989. The following year, when McMillan earned his MBA at the University of Tulsa, he called Walmart and expressed interest in receiving training to work as a buyer after his studies. were complete. After that, McMillan returned to Walmart as an assistant manager at a location in Tulsa, Oklahoma. After earning his MBA in 1991, McMillan moved to Walmart’s Bentonville headquarters to join a buyer-training program.

He was initially in charge of purchasing fishing tackle, but later expanded into roles as a buyer and merchant, working with food, apparel, crafts and furniture. Prior to taking an executive position at Walmart, he previously worked as general merchandise manager for Sam’s Club, a division of Walmart that operated wholesale stores and dealt with toys, electronics and sporting goods, among other things. used to do.

Doug McMillan Age and Birthday

How old is Doug McMillan? Macmillan is 56 years old as of 2022. He was born on 17 October 1966 in Memphis, Tennessee, United States. His real name is Carl Douglas Macmillan.

Doug McMillan Nationality and Ethnicity

Macmillan is of American nationality by birth. He was born in Memphis, Tennessee, United States. She is of mixed caste. Also read: Oscar Munoz

doug macmillan family

The eldest of three children to Laura and Morris McMillan, McMillan was born and raised in Jonesboro, Arkansas. His father served in Vietnam. When McMillan was 16 years old, his parents moved the family to Bentonville, Arkansas, which was the location of Walmart’s corporate offices.

doug macmillan wife

McMillan lives in Bentonville, Arkansas with his wife, Shelley. He has both sons. Doug McMillan is a newly converted Christian.

Doug McMillan Height

Macmillan has an average height of 5 feet 10 inches (1.78 m).

Doug McMillan net worth

What is the net worth of the CEO of Walmart? Macmillan has an estimated net worth of $258 million.

Doug McMillan Salary

McMillan, the retail giant’s president and CEO, saw his total compensation increase to $25.7 million last year from $22.6 million in 2020, according to a company filing with the Securities and Exchange Commission.

Doug McMillan House

Over 8,000 square feet, McMillan has seven bedrooms and 5.5 bathrooms. It was constructed in 2008. Its size is also more than 40 acres. Private gardens and tall trees surround the house. The backyard also has a recreational patio and a great pool. Even a basketball court is present. This two storey house has a fireplace. The home also has an open concept and incredibly high ceilings. There is a big motor court in front of the house. The house is also located at the very back and at the end of a long driveway.

Doug McMillan, CEO of Walmart

McMillan has spent his entire career working for Walmart. In 1984, he started working for the company as a teenager. He later worked as a buyer and held management positions before being appointed CEO in 2014.

On August 4, 2005, Walmart appointed McMillan as president and CEO of Sam’s Club. The wholesaler preferred marketing to small business customers under Macmillan. In an effort to compete with Costco, McMillan also referred to the Wall Street Journal as “treasure hunt” items that offer limited-edition, precious premium items, such as diamond necklaces and wine vacations, for sale next to cheaper bulk items. Huh.

In February 2009, McMillan was appointed by Walmart executives to lead the company’s international division in place of Mike Duke, which was renamed Walmart Stores, Inc., under McMillan. Was promoted to the position of CEO of Walmart International, focusing on consolidating its position in the already established. Markets such as USA, Canada, China and UK. Integrating Walmart’s “everyday low price” model into these international markets was an area that McMillan considered particularly important. Under Macmillan, the international division spent US$2.4 billion to buy the majority of Massmart Holdings Ltd in South Africa.

Walmart International’s sales growth during McMillan’s tenure overtook Walmart US, accounting for 29 percent of company-wide sales. When Macmillan first took over as its leader, the division had more than 3,300 stores spread across 14 countries.

Walmart International had 6,300 stores in 26 countries when it announced it would become Walmart Stores, Inc. at the end of 2013. will lead. On November 25, 2013, Walmart announced that McMillan would become the company’s fifth CEO, immediately joining the board of directors. , and will replace Mike Duke as CEO beginning February 1, 2014.

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McMillan took over the business at a time when sales were slowing and rivals such as Costco,, grocery store chains Kroger and Safeway, and discount chains of smaller stores such as Family Dollar and Dollar General were becoming more competitive. In his first two years as CEO, McMillan reformed Walmart’s executive team, enhanced the company’s commitment to e-commerce, and increased wages for hourly workers in America.

Doug McMillan resigns

There is no truth to the rumors that Walmart Inc. CEO Doug McMillan has resigned.

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