Doug McMillon Bio, Age, House, Walmart CEO, Resigns, Salary, and Net Worth

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  • Post last modified:03/11/2022
Doug McMillon Photo
Doug McMillon Photo

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Doug McMillon Biography and Wiki

Doug McMillon is an American businessman who serves as Walmart Inc.’s president and CEO. He is a director on the board of the retailer. In 2014, after initially working there as a summer associate while still in high school, he was named the fifth CEO of the business. From 2005 to 2009, he served as the organization’s Sam’s Club division president. From 2009 to 2013, he served as Walmart International’s president.

Doug McMillon Education

McMillon started working for Walmart as a summer associate when he was a teen. He unloaded trucks in a distribution center over the course of the summer. McMillon attended the University of Arkansas after high school and received his bachelor’s degree there in 1989. The following year, as McMillon pursued his MBA at the University of Tulsa, he called Walmart and expressed interest in receiving training to work as a buyer after his studies were complete. After that, McMillon returned to Walmart as an assistant manager at a location in Tulsa, Oklahoma. McMillon relocated to Walmart’s Bentonville headquarters to join the buyer-training program after earning his MBA in 1991.

He was initially in charge of purchasing fishing tackle, but later expanded into roles as a buyer and merchandiser, working with food, apparel, crafts, and furniture. Prior to taking an executive position at Walmart, he had previously worked as the general merchandise manager for Sam’s Club, a division of Walmart that operated wholesale stores and handled among other things toys, electronics, and sporting goods.

Doug McMillon Age and Birthday

How old is Doug McMillon? McMillon is 56 years old as of 2022. She was born on 17 October 1966 in Memphis, Tennessee, United States. Her real name is Carl Douglas McMillon.

Doug McMillon Nationality and Ethnicity

McMillon is of American nationality by birth. She was born in Memphis, Tennessee, United States. She is of mixed race. READ ALSO: Oscar Munoz

Doug McMillon Family

The oldest of Laura and Morris McMillon’s three children, McMillon was born and raised in Jonesboro, Arkansas. His father served in Vietnam. When McMillon was 16 years old, his parents relocated the family to Bentonville, Arkansas, the location of Walmart’s corporate offices.

Doug McMillon Wife

McMillon resides in Bentonville, Arkansas, with his wife Shelley. Both of their sons are. Doug McMillon is a newly converted Christian.

Doug McMillon Height

McMillon stands at an average height of 5 feet 10 inches (1.78 m).

Doug McMillon Net Worth

What is the Net worth of Walmart CEO? McMillon has an estimate net worth of t $258 Million.

Doug McMillon Salary

According to a company filing with the Securities and Exchange Commission, McMillon, president and chief executive officer of the retail behemoth, saw his total compensation increase to $25.7 million last year from $22.6 million in 2020.

Doug McMillon House

Over 8,000 square feet, McMillon’s has seven bedrooms and 5.5 bathrooms. It was constructed in 2008. It also has a lot size of over 40 acres. Private gardens and overgrown trees surround the house. The backyard also features an entertaining patio and a sparkling pool. Even a basketball court is present. There is a fireplace in this two-story house. The house also features an open concept and incredibly high ceilings. The front of the house has a sizable motor court. The house is also set far back and at the end of a long driveway.

Doug McMillon Walmart CEO

McMillon has spent his entire career working for Walmart. In 1984, he started working for the company as a teenager. He later worked as a buyer and held management positions before being appointed CEO in 2014.

On August 4, 2005, Walmart appointed McMillon president and CEO of Sam’s Club. The wholesaler prioritized marketing to small business clients under McMillon. In an effort to compete with Costco, McMillon also added what The Wall Street Journal called “treasure hunt” items, which are limited-edition, pricey premium items, like diamond necklaces and wine vacations, for sale next to affordable bulk goods.

In February 2009, McMillon was appointed by Walmart officials to lead the company’s international division in place of Mike Duke, who had been elevated to the position of CEO of Walmart Stores, Inc. Walmart International under McMillon concentrated on strengthening its position in already-established markets like the United States, Canada, China, and the UK. Integrating Walmart’s “everyday low prices” model to these international markets was one area that McMillon considered to be particularly important. Under McMillon, the international division spent US$2.4 billion to buy the majority of Massmart Holdings Ltd. in South Africa.

Walmart International’s sales growth outpaced Walmart US’s during McMillon’s tenure, increasing to 29 percent of all company-wide sales. The division had more than 3,300 stores spread across 14 countries when McMillon first took over as its leader.

Walmart International had 6,300 stores across 26 countries when it made the announcement that he would lead Walmart Stores, Inc. in late 2013. On November 25, 2013, Walmart announced that McMillon would become the company’s fifth CEO, join the board of directors right away, and succeed Mike Duke as CEO beginning on February 1, 2014.

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McMillon took over the business at a time when sales were slowing and rivals like Costco,, grocery store chains Kroger and Safeway, and discount chains of small shops like Family Dollar and Dollar General were becoming more competitive. In his first two years as CEO, McMillon improved Walmart’s executive team, increased the company’s commitment to e-commerce, and increased wages for hourly workers in the US.

Doug McMillon Resigns

There is no truth to rumors that the CEO of Walmart Inc. Doug McMillon has resigned.