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A Foreign-Born Executive Might Someday Lead U.S. Retail Giant Wal-Mart

November 30, 2010: 01:47 AM EST

Wal-Mart International CEO Doug McMillon believes that in the future his company might have a CEO who was born outside the United States. While current CEO Mike Duke, his predecessor Lee Scott, and company founder Sam Walton are all Americans, an executive born outside the U.S. might one day lead the company. Although the U.S. accounts for about 75% of Wal-Mart’s $400 billion yearly sales, the company’s more than 4,100 stores in other countries brought in more than $100 billion in sales in the most recent fiscal year. Wal-Mart has previously appointed regional and country heads that were born outside the US, such as Latin American chief Eduardo Solorzano and Andy Clarke, who heads up ASDA, Wal-Mart’s subsidiary in the UK.

Matthew Boyle , "Wal-Mart International CEO McMillon Foresees Foreign-Born Chief One Day", Bloomberg, November 30, 2010, © BLOOMBERG L.P.
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