Walmarts ceo michael t duke biography

Michael Terry Duke (born December 7, 1949) is an American businessman. He served as the fourth chief executive officer of Walmart from 2009 to 2013.

Duke was elected a member of the National Academy of Engineering (2010) for leadership and contributions to the design and implementation of innovative logistics and retail technologies.

Duke joined Walmart in 1995, serving as the executive in charge of the company's international operations. He became the CEO of Walmart in February 2009, succeeding Lee Scott.

Duke also serves on the board of directors for the Retail Industry Leaders Association and Arvest Bank's community advisory board. He formerly held positions with a number of retailers, including Federated Department Stores, May Department Stores, and Venture Stores. Duke earned a BS in Industrial Engineering from the Georgia Institute of Technology in 1971, where he joined the Delta Sigma Phi fraternity, and in 2009 served as a member of the institution's advisory board. As of 2012 he sat on the board of directors of the Consumer Goods Forum.

In 2010 he set goals to make Walmart energy efficient as possible and to open Walmart stores in countries like Russia. In 2012, his salary was $18.2 million.

Duke ranked No. 10 on Forbes list of The World's Most Powerful People in 2013. That same year, Walmart ranked No. 15 on Forbes list of Most Patriotic Brands—and the only retailer on the list—as voted by U.S. consumers. As of November 25, 2013, Duke's tenure as CEO ended with his sudden replacement decided by Walmart's Board. Press reports indicated that the total value of Duke's pension, deferred compensation and ot

BENTONVILLE, Ark. — Wal-Mart Stores has announced that its CEO and president Mike Duke is stepping down effective Feb. 1 and that the company’s board has elected Doug McMillon, head of international operations, to succeed him.

Duke, 63, who had been with Wal-Mart since 1995, had been at the helm since February 2009. Duke will stay on as chairman. McMillon, 47, marks the fifth CEO since Wal-Mart’s founder Sam Walton and all of them have been home grown with years of experience before taking o ver the helm. McMillon was also elected to the company’s board of directors, effective immediately.

McMillon, who succeeded Duke as head of the international business four years ago, is a 23-year company veteran. He started as a summer associate in a Wal-Mart distribution center in 1984 and then in 1990, he rejoined Wal-Mart at a Tulsa, Okla., store. He then moved up the executive ladder, working in a variety of merchandising jobs at the Wal-Mart U.S. division. Before he took over international operations, McMillon served as president and CEO of Sam’s Club from 2006 to 2009.

“This leadership change comes at a time of strength and growth at Wal-Mart,” said Rob Walton, chairman of Wal-Mart’s board of directors. “The company has the right strategy to serve the changing customer around the world, and Doug has been actively involved in this process. The company has a strong management team to execute that strategy.”

The announcement came just days before the kickoff of the holiday shopping season. It also comes as Wal-Mart is trying to boost sales in the U.S. and abroad amid a challenging global economy that’s weighing on its low-income shoppers.

It’s also confronting a host of issues that are hurting its reputation. It’s grappling with allegations of bribery in its Mexico operations that surfaced in April 2012 as well as criticism over its treatment of its hourly workers. Wal-Mart is also facing pr

Name: Michael Terry Duke Born: Dec. 7, 1949Company: Wal-Mart Stores Inc. (NYSE:WMT)Position: President and CEOPrevious role: Vice chairmanEducation: Bachelor's degree from the Georgia Institute of Technology (1971)Quote: "The economic crisis has caused some changes in the way the consumer shops. And frankly I think, again, it's to our benefit."

On an average day, Wal-Mart Stores President and CEO Mike Duke reportedly wakes up between 5:30 a.m. and 6 a.m., and commutes seven minutes to the corporation's headquarters in Bentonville, Ark. During these early hours, he also cleans out his email inbox because he doesn't like having email -- a tough task for the CEO of one of the world's biggest companies.

Ever since Duke became CEO in 2009, the corporation has been like his inbox. Not one to procrastinate, he's been quick to get things done, from revamping stores to retooling the company's product selection.

The son of a truck driver and a stay-at-home mother, Duke was raised in Fayette County, Ga. He went to university at the Georgia Institute of Technology and received an engineering degree. After graduating in 1971, Duke took a job at discount chain Richway's, which was eventually bought by Federated Department Stores (now Macy's Inc.).

In 1995, Walmart recruited Duke to continue logistics work at the company's Bentonville headquarters. In coming years, Duke gained new experiences and skills at the company, becoming head of U.S. stores in 2003.

Two years later, Duke was named vice chairman and head of the corporation's international unit, and soon after that, he closed Walmart's German division, which had been a thorn in Walmart's side for years. (Walmart had been investing in Germany for years with little to show for it.) By doing so, Duke cut the company's losses and increased international sales.

Later, he became CEO during one

Ex-CEO of Walmart

Michael Terry Duke (born December 7, 1949) is an American businessman. He served as the fourth chief executive officer of Walmart from 2009 to 2013.

Duke was elected a member of the National Academy of Engineering (2010) for leadership and contributions to the design and implementation of innovative logistics and retail technologies.

Biography

Duke joined Walmart in 1995, serving as the executive in charge of the company's international operations. He became the CEO of Walmart in February 2009, succeeding Lee Scott.

Duke also serves on the board of directors for the Retail Industry Leaders Association and Arvest Bank's community advisory board. He formerly held positions with a number of retailers, including Federated Department Stores, May Department Stores, and Venture Stores. Duke earned a BS in Industrial Engineering from the Georgia Institute of Technology in 1971, where he joined the Delta Sigma Phi fraternity, and in 2009 served as a member of the institution's advisory board. As of 2012 he sat on the board of directors of the Consumer Goods Forum.

In 2010 he set goals to make Walmart energy efficient as possible and to open Walmart stores in countries like Russia. In 2012, his salary was $18.2 million.

Duke ranked No. 10 on Forbes list of The World's Most Powerful People in 2013. That same year, Walmart ranked No. 15 on Forbes list of Most Patriotic Brands—and the only retailer on the list—as voted by U.S. consumers. As of November 25, 2013, Duke's tenure as CEO ended with his sudden replacement decided by Walmart's Board. Press report