You’ve probably heard by now that the parlor game has ended — the next CEO of Walmart has been identified: Doug McMillon, who presently leads Walmart International and was widely considered the front-runner.
The Bentonville retailer made the announcement Nov. 25, ending speculation of who would one day replace Mike Duke. One day was set as Feb. 1, 2014.
Reaction to the news has been wide and varied. Most opinions held the view that McMillon was raised to run Walmart.
From an international perspective, Kevin Allison of the Business Standard — an English-language news organization based in India — said the choice of McMillon acknowledges a glum reality: Walmart looks resigned to its role as a plodding behemoth.
“With sales expected to approach $480 billion this year,... [ MORE ]