Doug McMillon, President and CEO, Walmart Inc. (2024)
Doug McMillon is a lifelong merchant who has dedicated his career to bringing products and services to customers and members to help them save money and live a better life. Today, he and his team are building the world’s leading people-led, tech-powered omnichannel retailer that’s dedicated to this purpose.
Doug began his Walmart career as an hourly associate unloading trailers and his commitment to his fellow associates is ongoing. Under his leadership as president and CEO, Walmart is investing heavily in wages, benefits and education—including a debt-free college program and an expanded parental leave policy. During his tenure, the company also set an aspirational goal to become a regenerative company and launched ambitious work such as Project Gigaton to combat climate change and work with suppliers to avoid 1 billion metric tons of emissions worldwide.
He was named president and CEO in 2014. From 2009 to 2014 he was president and CEO of Walmart International, and from 2005 to 2009 he served as president and CEO of Sam’s Club. He has worked at Walmart for more than 30 years serving in senior leadership roles in all of Walmart’s business segments.
Doug serves on the boards of directors of Business Roundtable, the Consumer Goods Forum and the U.S.-China Business Council. He also sits on the advisory board of the Tsinghua University School of Economics and Management in Beijing, China.
Originally from Jonesboro, Arkansas, Doug graduated from the University of Arkansas with a bachelor’s degree in business administration, and a master’s degree in business administration from the University of Tulsa.
McMillon earned $25.7 million in total compensation in fiscal 2022. He and wife Shelley McMillon are philanthropists who've donated millions to various causes.
Doug began his Walmart career as an hourly associate unloading trailers and his commitment to his fellow associates is ongoing. Under his leadership as president and CEO, Walmart is investing heavily in wages, benefits and education—including a debt-free college program and an expanded parental leave policy.
Walmart Inc. WMT 1.23%increase; green up pointing triangle Chief Executive Doug McMillon plans to helm the country's largest retailer for at least three more years as the company continues work to identify a successor, according to people familiar with the matter.
The job with the best salary at Walmart, according to Glassdoor, is the position of Vice President of Strategic Accounts, which has an average salary of $326,000 to $587,000 per year. Below is the ranking of the five highest-paying jobs at Walmart: Vice President of Strategic Accounts: $326,000 - $587,000 annually.
In 2021, Elon Musk received the highest compensation till date as a CEO. This compensation was a mix of salary from the company and stock options awarded to him by the company. This showed the importance of a CEO to the rest of the world. Let us take a look at the top 10 highest paid CEOs in the US.
The highest-paying job at Walmart is a Director Product Management with a salary of ₹126.4 Lakhs per year. The top 10% of employees earn more than ₹48.47 lakhs per year. The top 1% earn more than a whopping ₹100 lakhs per year.
Forbes named McMillon to its World's Most Powerful People list in 2014, 2015 and 2016 where he ranked No. 29, No. 32, No. 27 respectively. ExecRank ranked McMillon No. 4 on its 2015 list of top CEOs for large companies.
The estimated net worth of C Douglas Mcmillon is at least $304 Million dollars as of 2024-04-20. C Douglas Mcmillon is the President and CEO of Walmart Inc and owns about 5,107,337 shares of Walmart Inc (WMT) stock worth over $304 Million.
It is a publicly traded family-owned business, as the company is controlled by the Walton family. Sam Walton's heirs own over 50 percent of Walmart through both their holding company Walton Enterprises and their individual holdings.
Do you think Walmart will ever go out of business? It is certainly possible. Retail is a very volitile business, and retailers do come and go quite often. There is no such thing as a business that is too big to fail.
The estimated total pay range for a Executive at Walmart is $79K–$147K per year, which includes base salary and additional pay. The average Executive base salary at Walmart is $72K per year.
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