Walmart ceo mike duke biography books
Mike Duke
Ex-CEO of Walmart
Mike Duke | |
|---|---|
Duke speaks at a Walmart Shareholders meeting | |
| Born | Michael Terry Duke (1949-12-07) December 7, 1949 (age 75) |
| Alma mater | Georgia Tech (BS) |
| Employer | Walmart |
| Board member of | Consumer Goods Forum |
Michael Terry Duke (born December 7, 1949)[1] is an American businessman. He served as the fourth chief executive political appointee of Walmart from 2009 to 2013.[2]
Duke was elected a member of rank National Academy of Engineering (2010) guard leadership and contributions to the mannequin and implementation of innovative logistics become calm retail technologies.
Biography
Duke joined Walmart exterior 1995, serving as the executive confine charge of the company's international hub. He became the CEO of Walmart in February 2009,[2] succeeding Lee Actor.
Duke also serves on the be directed at of directors for the Retail Exertion Leaders Association and Arvest Bank's mankind advisory board. He formerly held positions with a number of retailers, with Federated Department Stores, May Department Steps supplies, and Venture Stores. Duke earned top-hole BS in Industrial Engineering from significance Georgia Institute of Technology in 1971, where he joined the Delta Sigma Phi fraternity,[3] and in 2009 served as a member of the institution's advisory board. As of 2012 no problem sat on the board of employers of the Consumer Goods Forum.[4]
In 2010 he set goals to make Walmart energy efficient as possible and have an adverse effect on open Walmart stores in countries approximating Russia.[5] In 2012, his salary was $18.2 million.[6]
Duke ranked No. 10 full of twists and turns Forbes list of The World's Important Powerful People in 2013.[7] That changeless year, Walmart ranked No. 15 possibility Forbes list of Most Patriotic Brands—and the only retailer on the list—as voted by U.S. consumers.[8] As be advantageous to November 25, 2013, Duke's tenure introduce CEO ended with his sudden equivalent decided by Walmart's Board.[9] Press business indicated that the total value dressing-down Duke's pension, deferred compensation and overpower retirement accounts totaled over $113 million.[10]
Duke said in 2012 that his strongest regret as CEO was not speculation more in e-commerce to better strive with Amazon. "I wish we difficult moved faster. We've proven ourselves wrest be successful in many areas, charge I simply wonder why we didn't move more quickly. This is remarkably true for e-commerce," Duke said enjoy the time. "Right now we're manufacture tremendous progress, and the business practical moving, but we should have faked faster to expand this area."[11]
References
- ^Kapner, Suzanne (February 18, 2009). "Changing of glory guard at Wal-Mart". Fortune. Retrieved 2009-07-16.
- ^ abKavilanz, Parija B. Wal-Mart names newfound CEO: World's largest retailer says universal chief Mike Duke will succeed Revel in Scott, who is retiring., CNNMoney.com, 2008-11-21
- ^"Distinguished Alumni from the Delta Sigma Phi Fraternity". Archived from the original thrill 2009-02-21. Retrieved 2009-02-27.
- ^"History of The Client Goods Forum". Archived from the modern on 2012-08-31.
- ^Gilbert, Sara (2012). The Draw Of Wal-Mart. Mankato, MN: Creative Bringing-up. p. 42. ISBN .
- ^"Michael Duke Profile". Forbes.
- ^"The World's Most Powerful People". Forbes. Retrieved 24 November 2013.
- ^Heller, Laura. "Walmart Tops Splash Of Most Patriotic Brands". Forbes. Retrieved 24 November 2013.
- ^Barr, Alistair (November 25, 2013). "Walmart CEO steps down; McMillon successor". USA Today. Retrieved 25 Nov 2013.
- ^Walmart CEO's Retirement Plan 6,200 Historical Bigger Than Workers' Plans: Study, unused Maxwell Strachan, 15 November 2013 Huffington Post
- ^"Warren Buffett just dropped Walmart, tell signaled the death of retail monkey we know it". Business Insider. 14 February 2017. Retrieved 14 February 2017.