Walmart chairman to be replaced by his son-in-law
Walmart
New York - AFP
Retail behemoth Wal-Mart Stores announced Friday that longtime chairman Rob Walton would be replaced by his son-in-law, Greg Penner, who will be the third person to hold the job.
Penner, 45, who was appointed vice chairman a year ago at the world's biggest retailer, previously was an executive for Walmart in Japan and at Walmart.com, where he worked on strategy and finance. He has been at the investment firm Madrone Capital Partners since 2005.
Walton, 70, will continue to serve on the board. He has been chairman since 1992, when he assumed the post from his father, Walmart founder Sam Walton.
A company announcement highlighted Penner's technology background, including his leadership of the board's technology and e-commerce committee since it was formed in 2011.
Penner "brings an ideal blend of finance, technology and international business expertise–as well as a deep knowledge and love of Walmart–to this role," Walton said.
GMT 09:47 2018 Tuesday ,23 January
SAP unveils big push into French tech start-upsGMT 05:07 2018 Tuesday ,23 January
Noble Group shares surge 37 percent on buyout talksGMT 19:07 2018 Monday ,22 January
BAKS spent Dh225m on charity projects in 2017GMT 22:52 2018 Sunday ,21 January
French firm "recalls baby milk product"GMT 22:27 2018 Sunday ,21 January
US company plans funds that double bitcoin price movesGMT 21:23 2018 Sunday ,21 January
Pence starts Mideast tour in Egypt amid Arab angerGMT 08:54 2018 Saturday ,20 January
Million-euro bill for firm behind Paris bike-share chaosGMT 10:47 2018 Friday ,19 January
German chemical giant BASF sees 'significant' profit leap
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 11:10 2018 Thursday ,30 August
Ariana Grande will perform at Aretha Franklin’s funeral
GMT 22:42 2017 Wednesday ,28 June
US to toughen airline security; no laptop ban expansion
GMT 11:50 2017 Saturday ,04 November
The world’s first Emirati runway model
GMT 20:52 2016 Sunday ,13 November
Funeral prayers held for iconic actor Mahmoud Abdel AzizGMT 06:34 2011 Sunday ,19 June
Karzai : US in talks with Taliban
GMT 10:08 2014 Monday ,22 December
Mugabe fires more cabinet ministers
GMT 21:47 2017 Saturday ,03 June
Russian fund would welcome Saudi investment in Eurasia
GMT 10:24 2014 Tuesday ,15 April
Thierry Mugler to launch ANGEL Eau Sucrée
GMT 09:50 2014 Monday ,15 September
Algerian dance and cinema honoured at European Fair
GMT 18:15 2013 Tuesday ,08 October
Johnny Carson\'s ex-wife Joanne denies infidelity with Frank GiffordGMT 01:16 2013 Tuesday ,09 April
Lisa Vanderpump \'in shock\' after fainting
GMT 00:32 2015 Thursday ,05 February
Lady Gaga, Paul McCartney team up on new music
GMT 10:44 2016 Saturday ,27 August
Radwanska breezes into New Haven finalGMT 09:55 2012 Thursday ,03 May
Indonesian boxing champ vows \'dragon fire punch\'
GMT 06:06 2014 Wednesday ,26 November
Professor Ghandour addresses sports event in Omdurman
GMT 02:09 2013 Wednesday ,17 July
Home builder confidence rose in June
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor