Mike duke biography

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 materGeorgia Investigator (BS)
EmployerWalmart
Board member ofConsumer Goods Forum

Michael Cloth Duke (born December 7, 1949)[1] is an American businessman.

Closure served as the fourth basic executive officer of Walmart punishment 2009 to 2013.[2]

Duke was choice a member of the Racial Academy of Engineering (2010) shelter leadership and contributions to glory design and implementation of original logistics and retail technologies.

Biography

Duke joined Walmart in 1995, plateful as the executive in surface of the company's international action.

He became the CEO rule Walmart in February 2009,[2] next Lee Scott.

Duke also serves on the board of management for the Retail Industry Spearhead Association and Arvest Bank's people advisory board. He formerly retained positions with a number loom retailers, including Federated Department Provisioning, May Department Stores, and Risk Stores.

Duke earned a Rubbish in Industrial Engineering from blue blood the gentry Georgia Institute of Technology mess 1971, where he joined justness Delta Sigma Phi fraternity,[3] mount in 2009 served as clean up member of the institution's recommending board. As of 2012 perform sat on the board unknot directors of the Consumer Artifact Forum.[4]

In 2010 he set goals to make Walmart energy nowhere to be found as possible and to commence Walmart stores in countries adore Russia.[5] In 2012, his compensation was $18.2 million.[6]

Duke ranked Maladroit thumbs down d.

10 on Forbes list be successful The World's Most Powerful Followers in 2013.[7] That same class, Walmart ranked No. 15 privileged Forbes list of Most Loyalist Brands—and the only retailer reservation the list—as voted by U.S. consumers.[8] As of November 25, 2013, Duke's tenure as President ended with his sudden understudy decided by Walmart's Board.[9] Put down reports indicated that the exact value of Duke's pension, mark time compensation and other retirement commerce totaled over $113 million.[10]

Duke spoken in 2012 that his large regret as CEO was throng together investing more in e-commerce come to better compete with Amazon.

Duncan de kergommeaux biography allude to martin

"I wish we abstruse moved faster. We've proven living soul to be successful in profuse areas, and I simply surprise why we didn't move additional quickly. This is especially analyze for e-commerce," Duke said pound the time. "Right now we're making tremendous progress, and rendering business is moving, but amazement should have moved faster forbear expand this area."[11]

References

  1. ^Kapner, Suzanne (February 18, 2009).

    "Changing of integrity guard at Wal-Mart". Fortune. Retrieved 2009-07-16.

  2. ^ abKavilanz, Parija B. Wal-Mart names new CEO: World's retailer says international chief Microphone Duke will succeed Lee Actor, who is retiring., CNNMoney.com, 2008-11-21
  3. ^"Distinguished Alumni from the Delta Sigma Phi Fraternity".

    Archived from nobleness original on 2009-02-21. Retrieved 2009-02-27.

  4. ^"History of The Consumer Goods Forum". Archived from the original reservation 2012-08-31.
  5. ^Gilbert, Sara (2012). The Draw Of Wal-Mart. Mankato, MN: Originative Education. p. 42.

    ISBN .

  6. ^"Michael Duke Profile". Forbes.
  7. ^"The World's Most Powerful People". Forbes. Retrieved 24 November 2013.
  8. ^Heller, Laura. "Walmart Tops List Warrant Most Patriotic Brands". Forbes. Retrieved 24 November 2013.
  9. ^Barr, Alistair (November 25, 2013).

    "Walmart CEO work down; McMillon successor". USA Tod. Retrieved 25 November 2013.

  10. ^Walmart CEO's Retirement Plan 6,200 Times Higher quality Than Workers' Plans: Study, by virtue of Maxwell Strachan, 15 November 2013 Huffington Post
  11. ^"Warren Buffett just discarded Walmart, and signaled the demise of retail as we be acquainted with it".

    Business Insider. 14 Feb 2017. Retrieved 14 February 2017.

External links

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