Douglas McMillon Bio
Douglas McMillon is a famous American businessman who grew up in Memphis, Tennessee, USA. He is currently known as the President and CEO of Walmart Inc. Douglas initially joined the company as a Retail Director before being promoted. Before that, he also ran the company’s Sam’s Club division from 2005 to 2019 and Walmart International from 2009 to 2013.
|Сеlеbrаtеd Nаmе||Dоug МсМіllоn|
|Rеаl Nаmе/Full Nаmе||Саrl Dоuglаѕ МсМіllоn|
|Віrth Dаtе||17 Осtоbеr 1966|
|Аgе||54 уеаrѕ оld|
|Віrth Рlасе||Меmрhіѕ, Теnnеѕѕее, Unіtеd Ѕtаtеѕ|
|Wіfе/Ѕроuѕе (Nаmе)||Ѕhеllеу МсМіllоn|
|Сhіldrеn||Yеѕ (Вlаkе МсМіllоn, Ѕреnсеr МсМіllоn)|
|Nеt Wоrth іn 2020||$120 mіllіоn|
Doug McMillon’s Age and Date of Birth
Doug has been 53 years old since 2019. He was born on October 17, 1966, in Memphis, Tennessee. He also enjoys celebrating his birthday on October 17 of each year. McMillon will turn 54 on October 17, 2020
Doug McMillon Education
External Sources confirmed that he worked at the Walmart supermarket while in school. From there he went on to the University of Arkansas, where he earned a bachelor’s degree in 1989. The following year he did a Master’s in Business Administration from the University of Tulsa.
Doug McMillon began his career as a summer assistant at Walmart. After completing his MBA, he moved to the Walmart business in Oklahoma as an assistant principal. In 1991, he continued with Walmart’s shopper education program. In 2005 he was chosen as President and CEO of Sam’s Club. He was transferred to Walmart’s international division in 2009. During his tenure, Walmart International’s sales were better than Walmart USA. When McMillon was the division chief, Walmart had more than 3,000 stores in 14 countries.
In November 2013, McMillon joined the company’s board of directors. Subsequently, he was named the company’s fifth chief operating officer (CEO) in February 2014. In 2014, 2015, and 2016 he was included in the list of the most powerful people in the world. McMillon was also named number four on ExecRank’s list of the best CEOs for large companies in 2015.
In February 2015, McMillon announced that Walmart would invest an additional $ 2.7 billion in higher wages, benefits, and training for employees, including raising the lowest wage to $ 9 an hour in 2015 and $ 10 an hour. per hour for 2016.
McMillon made Walmart’s long-term goal of increasing e-commerce investment and emphasized the need to create a “perfect shopping experience.” Because of this, it announced in 2015 that Walmart would invest $ 1 billion in its online operations. Another goal is to improve the environmental sustainability of the company and eliminate waste throughout the company.
In 2014, Walmart launched an initiative to replace the lighting in its stores in the US, UK, Latin America, and Asia with LED lights for energy efficiency. At the World Economic Forum in Davos in January 2016, McMillon said that Walmart will pursue three of its main goals: supplying renewable energy to the company, eliminating waste, and promoting sustainably packaged products.
Doug McMillon Walmart and CEO of Walmart
Walmart is one of the multinational retail companies that operates a chain of hypermarkets. These include hypermarkets, discount stores, and grocery stores. The company was also founded in 1962 by Sam Walton and founded on October 31, 1969. Doug worked for Walmart as a teenager.
After graduating from college, he called a manager at Walmart and told him he wanted to train to be a buyer. From there, he was able to return to Walmart as an assistant manager at a store in Tulsa, Oklahoma. Doug is now the current president and CEO of Walmart Inc.
Doug McMillon in Sam’s Club
Walmart encouraged McMillon to be the president and CEO of Sam’s Club on August 4, 2005. Under McMillon, the wholesaler emphasized marketing for small business customers. Additionally, McMillon has included what the Wall Street Journal called a “scavenger hunt” with pricey premium items like diamond necklaces and wine vacations in limited selections for sale along with cheap volume to compete with Costco.
Doug McMillon House
Doug exposed the features of his home in Bentonville, Arkansas, US Details on price and estimated value are still being discussed.
Doug McMillon Net worth
As of 2020, Doug McMillon has an estimated net worth of $ 60 million. As president and CEO of Walmart, he will receive a salary of $ 4.8 million. In 2015, he received more than $ 20 million in compensation. Within two years of his tenure as CEO, he increased hourly wages and renewed the Walmart team. He increased the company’s investments in e-commerce and invested $ 1 billion in online purchases.