Wal-Mart Picks New Chairman at Meeting Billed as ‘Turning Point’
Greg Penner Is Named Wal-Mart Chairman
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Wal-Mart Stores Inc. named director Greg Penner as its next chairman and touted its e-commerce investments at an annual meeting that the retailer called a “turning point.”
Penner, 45, will succeed Rob Walton as chairman of the world’s largest retailer. Walton, who has been chairman since 1992, will remain on the board. The move keeps the chairmanship within the family: Penner is the grandson-in-law of founder Sam Walton.