Fact-checked by Grok 2 weeks ago

Mike Duke

Michael Terry Duke (born December 7, 1949) is an American business executive who served as president and of Stores, Inc., the world's largest retailer by revenue and private employer, from 2009 to 2014. Duke joined in the mid-1990s, rising through roles in , , and operations before ascending to the top position. During his tenure as CEO, Duke oversaw Walmart's response to the global , technological shifts in , and social pressures, while achieving annual sales exceeding $470 billion by 2012 and sustaining strong financial performance amid competitive pressures. He emphasized and global expansion, contributing to the company's position as a dominant force in discount retailing with over 2.2 million employees worldwide. Post-retirement from , Duke joined as an operating executive and continued board involvement, including as chairman of Walmart's executive committee. His leadership earned recognition such as the Grocery Manufacturers Association's Hall of Achievement Award in 2014 for advancing free enterprise principles in and .

Early Life and Education

Childhood and Upbringing

Michael Terry Duke was born on December 7, 1949, in . He grew up in a working-class family one generation removed from farming, living approximately eight miles outside Fayetteville in a referred to locally as "the county." Duke's father drove a local trucking route, while his mother managed the home and tended a large garden. As the eldest child, he had three younger sisters, and the family emphasized values of hard work, family cohesion, and faith, with vacations being infrequent due to limited resources. They attended Ebenezer United Methodist Church, where community ties were strong. His earliest employment was caring for his great-grandmother at a rate of $1 per day, reflecting the family's practical approach to responsibility. Duke attended Fayette County High School, graduating in 1967 as part of a class of 84 students; he played and , captaining the latter team as a senior and earning and awards. A pivotal influence came from his high school physics teacher, Mr. McDaniel, who advised pursuing studies at the Georgia Institute of Technology and a career in the service industry, shaping Duke's early aspirations.

Academic and Formative Experiences

Michael T. Duke earned a degree in from the Georgia Institute of Technology in 1971. This program emphasized , process optimization, and , equipping Duke with analytical skills applicable to and . Duke's academic training at , a institution renowned for its rigor, occurred amid the post-World War II expansion of , fostering a generation focused on efficiency in manufacturing and distribution. Following graduation, he entered retailing in 1972, applying principles to operational challenges at Richway, a predecessor to . In recognition of his later achievements, Duke received honorary doctoral degrees from and the in 2014, though these postdated his formative education.

Pre-Walmart Career

Entry into Retailing

Mike Duke entered the retailing industry shortly after completing his education, joining Richway—a discount division of the Atlanta-based Rich's s—in 1972. Richway operated as a value-oriented retailer targeting budget-conscious consumers in the , providing Duke with foundational exposure to discount merchandising and store-level operations. His initial roles focused on store management, where he gained hands-on experience in , , and daily retail execution amid the competitive landscape of 1970s discount retailing. This entry point aligned with Duke's industrial engineering background from Georgia Tech, earned in 1971, enabling him to apply systematic approaches to retail efficiency from the outset. Over his early years at Rich's (which merged into Federated Department Stores in 1976), Duke honed skills in operational logistics, transitioning to that area approximately a decade into his career around 1982, reflecting a progression from frontline management to supply chain fundamentals. These formative experiences laid the groundwork for his subsequent 23 years in retailing with Federated and May Department Stores, emphasizing scalable distribution and cost management in large-scale operations.

Key Roles and Experiences

Prior to joining Walmart in 1995, Mike Duke amassed 23 years of experience in the retail sector, primarily as an executive with Federated Department Stores and May Department Stores. These organizations operated major department store chains, including Macy's and Bloomingdale's under Federated (later rebranded as Macy's Inc.) and properties like Famous-Barr and Lord & Taylor under May. His tenure in these roles focused on retail operations, providing foundational expertise in supply chain and distribution that Walmart later leveraged upon his recruitment. Duke's pre-Walmart career also included positions at , a discount retailer, contributing to his broad exposure across varied formats from stores to value-oriented chains. This cumulative experience equipped him with skills in managing large-scale , , and store operations during a period of industry consolidation in the 1970s through 1990s, when both Federated and May pursued aggressive expansion and mergers.

Walmart Tenure

Initial Positions and Contributions

Mike Duke joined Walmart in 1995 as senior vice president of , leveraging his prior experience in and retailing to oversee the company's operations. In October of that year, he transitioned to a role focused on , where he managed the optimization of Walmart's networks amid the retailer's rapid domestic expansion. By March 1997, Duke had been promoted to executive vice president of , a position in which he directed enhancements to inventory management and transportation efficiency, contributing to Walmart's reputation for low-cost operations through streamlined and systems. Duke's background informed key redesigns of Walmart's and systems during his early tenure, enabling faster product turnover and reduced out-of-stock incidents that supported the company's everyday low-price . Under his leadership in these divisions, Walmart expanded its distribution centers from approximately 70 in 1995 to over 100 by the early , facilitating greater scale in store replenishment and contributing to annual sales growth exceeding 10% during that period. These efforts in reliability were foundational to Walmart's competitive edge, as evidenced by the company's ability to maintain slim margins while achieving market dominance in U.S. grocery and general merchandise. In July 2000, Duke advanced to executive vice president and , broadening his oversight to include , legal, and corporate services, which further integrated with store development strategies. His initial contributions emphasized data-driven process improvements, such as adopting RFID technology pilots for better tracking, though full-scale implementation occurred later in his career. These roles positioned Duke as a key architect of Walmart's operational infrastructure before his shift to higher-level divisional leadership in 2003.

Ascension to Leadership Roles

Mike Duke joined Walmart in 1995 as senior of , transitioning to operations later that year. In March 1997, he was promoted to executive of , where he oversaw the company's global efficiencies, contributing to Walmart's operational scalability during a period of rapid domestic expansion. By 2003, Duke had advanced to leadership over U.S. stores, managing and store operations amid competitive pressures in the sector. This role positioned him for international oversight, as sought to leverage proven domestic strategies abroad. In 2005, he was elevated to vice chairman of the board, with responsibility for the international division, during which 's overseas operations grew significantly, accounting for a larger share of overall revenue through acquisitions and organic expansion in markets like and the . Duke's track record in international growth, including navigating early challenges like the 2006 exit from Germany, underscored his strategic acumen, paving the way for his selection as successor to CEO Lee Scott. On November 21, 2008, Walmart's board promoted him to president and , effective February 1, 2009, marking the culmination of his ascent from operational specialist to top executive in a company then valued at over $200 billion in annual sales. This internal promotion reflected Walmart's preference for leaders with deep institutional knowledge amid economic uncertainty following the .

CEO Period (2009–2014)

Mike Duke became president and chief executive officer of Walmart Stores, Inc. on February 1, 2009, succeeding H. Lee Scott Jr. His tenure, lasting until February 1, 2014, when he was succeeded by Doug McMillon, focused on sustaining growth amid economic recovery from the 2008 financial crisis. Duke, who had previously led Walmart's international division, prioritized expanding operations outside the U.S. while addressing domestic challenges in merchandising and customer traffic. Duke outlined a strategy centered on aggressive growth, leveraging Walmart's global scale to reduce expenses through productivity gains, and improving shareholder returns. This included investments in technology and talent to enhance e-commerce capabilities and supply chain efficiency. Internationally, the company added nearly 80% more stores outside the U.S., reaching 6,200 units by 2013, with international operations contributing nearly 30% of net sales at $135.2 billion in fiscal 2013, up 7.4% from the prior year. Financial performance reflected steady expansion, with net rising from $421.8 billion in fiscal to $469.0 billion in fiscal 2012. Growth moderated in later years, reaching approximately $476 billion by fiscal 2014, amid broader sector pressures. Domestically, Duke's team tackled a slump in 2011 by restocking thousands of items and refining assortment, which reversed declines in comparable store . Challenges included merchandise presentation issues and weaker customer traffic in early quarters, attributed partly to economic factors and internal execution. Duke emphasized ethical growth and operational integrity, restructuring aspects of the business to align with long-term . His leadership delivered strong overall results, positioning for continued dominance despite slowing U.S. momentum.

Major Initiatives and Achievements

Global Expansion and Operational Strategies

As CEO from 2009 to 2014, Mike Duke emphasized transforming into a more integrated global retailer by prioritizing international expansion alongside operational efficiencies. He articulated a vision for the "Next Generation " that included becoming a truly global company through localized , cross-regional sharing of best practices, and utilization of 's worldwide to achieve cost advantages. This approach aimed to adapt 's low-price model to diverse markets while maintaining core operational discipline. Duke's global strategy involved sustained investment in high-growth emerging markets, resulting in Walmart's international store base expanding nearly 80% to approximately 6,200 units by the end of his tenure in 2014. Key efforts included deepening presence in regions like , , and , with a focus on opening new , pursuing acquisitions, and enhancing e-commerce capabilities to capture additional . For instance, Walmart accelerated multichannel retailing internationally, particularly in , to counter competition and expand digital sales. These initiatives built on prior international foundations but intensified under Duke's leadership, which had previously overseen as . Operationally, Duke structured strategies around three interlocking priorities: driving growth via store additions and , leveraging Walmart's global scale to optimize expenses and , and enhancing returns through disciplined allocation. This framework supported innovations in inventory management and sourcing, enabling to pass savings to customers while funding expansion. Organizational changes, such as streamlined management structures, further aligned units with these goals to improve execution and adaptability. Despite challenges like regulatory hurdles in some markets, these strategies contributed to 's position as a leader in cross-border retailing, with operations generating increasing revenue contributions during his era.

Sustainability and Community Efforts

Under Mike Duke's leadership as Walmart CEO from 2009 to 2014, the company pursued ambitious sustainability goals centered on three pillars: sourcing 100 percent of energy from renewable sources, creating zero waste, and ensuring 100 percent responsibly sourced products. The 2012 Global Responsibility Report highlighted progress, including diversion of 80.9 percent of U.S. waste from landfills—preventing 11.8 million metric tons of CO2 emissions equivalent—and utilization of 1.1 billion kWh of renewable energy, representing 4 percent of global electricity needs through 180 projects. In April 2013, Duke announced expanded targets, committing to produce or procure 7 billion kWh of annually by the end of 2020—a 600 percent increase over 2010 levels—while reducing in global buildings by 20 percent relative to 2010 and avoiding 9 million metric tons of , comparable to removing 1.5 million vehicles from roads. These efforts were projected to yield over $1 billion in annual energy savings. Supply chain sustainability received focused attention, with Duke's 2012 commitments in including a $2 million grant to establish The Sustainability Consortium's China office for independent research involving local suppliers, retailers, scientists, and academics. By 2017, 70 percent of goods sold in U.S. and Sam's Clubs were targeted to incorporate The Sustainability Index where available, with the index influencing private-brand starting in 2013 for categories like toys, electronics, and apparel; annual evaluations of merchants from that year onward incorporated metrics. On community fronts, Duke emphasized Walmart's role beyond local contributions, positioning the retailer as a leader on social issues. In September 2011, he launched a global women's economic empowerment initiative, developed with governments, NGOs, philanthropists, and academics, to leverage Walmart's scale for training and opportunities in supply chains. This included commitments to source $20 billion from women-owned businesses over five years and train 400,000 women globally in skills like factory safety and financial literacy. In 2012, Walmart and its foundation pledged support for the International Fund for Women Entrepreneurs, announced alongside U.S. Secretary of State Hillary Clinton, to aid women's initiatives across the Americas. Duke described these as integral to responsible sourcing and associate development, aligning corporate growth with broader societal impact.

Controversies and Criticisms

International Bribery Allegations

In April 2012, reported that (Walmex), the company's largest foreign , had engaged in a scheme involving approximately $24.5 million in bribes paid to officials between 2002 and 2006 to obtain construction permits and approvals for new stores, including sites near culturally sensitive areas like the pyramids of Teotihuacán. The report detailed how Walmex executives used local fixers, known as "gestores," to make these payments, often routed through shell companies or cash handoffs, bypassing formal channels to accelerate expansion from fewer than 20 stores in in 1995 to over 2,000 by 2012. Michael T. Duke, who served as president and CEO of Walmart International from February 2005 until his promotion to later that year, was informed of the bribery suspicions as early as November 2005 through internal memos and audit reports highlighting suspicious third-party payments exceeding $2 million for a single store permit in Piedras Negras. Congressional investigations in 2013, led by the House Committee on Oversight and Government Reform, revealed emails and documents indicating that Duke and then-CEO Lee Scott received multiple briefings on the allegations, yet Walmart's internal probe was allegedly halted or minimized to avoid escalating to U.S. regulators, with executives opting for a limited review rather than a full external . Duke maintained in subsequent statements that he took the reports seriously and directed compliance enhancements, though critics, including U.S. lawmakers, argued the response was inadequate given the scale of operations under his oversight. The scandal expanded beyond Mexico during Duke's CEO tenure (2009–2014), with U.S. Department of Justice (DOJ) and probes uncovering similar compliance failures in , , and , where subsidiaries allegedly failed to detect or investigate potential bribes for permits and licenses totaling millions from 2000 to 2011. self-disclosed some issues to authorities in 2011 and cooperated with investigations, but faced accusations of weak controls, including inadequate on third-party agents and delayed remediation. In June 2019, resolved the (FCPA) violations via a deferred prosecution agreement with the DOJ and a civil with the , paying $282.7 million in penalties and without admitting liability for the underlying bribes, though the company acknowledged deficiencies in its internal accounting and ethics programs. No criminal charges were brought against Duke or other senior executives, but the episode prompted to overhaul its global compliance framework, including enhanced FCPA training and monitoring, which Duke publicly endorsed as a priority during his leadership.

Domestic Labor and Compensation Debates

During Mike Duke's tenure as CEO from 2009 to 2014, the company faced persistent criticism from labor advocates, unions, and policymakers over its domestic wage structures, which were characterized as insufficient to meet living costs for full-time employees in many U.S. regions. Critics, including reports from organizations like the , highlighted that average hourly wages hovered around $11 to $12, often requiring workers to supplement income with government assistance programs such as food stamps and , with estimates suggesting 's low-wage model cost taxpayers billions annually in public support. Duke defended these rates as competitive within the retail industry, asserting in a 2012 speech that provided "good jobs" and that less than 1% of associates earned , emphasizing the company's role in employment during economic downturns. Compensation disparities between executives and frontline workers drew sharp scrutiny, exemplified by Duke's own pay package, which reached $35 million in fiscal 2010—equating to roughly $16,827 per hour—contrasted against entry-level store associates earning about $8.75 per hour at new locations. By fiscal 2012, Duke's total compensation stood at $20.7 million, including a $1.3 million base salary and performance bonuses, amid stagnant worker raises that failed to keep pace with inflation or regional living expenses. Walmart countered that executive pay was tied to performance metrics like sales growth and shareholder returns, while associate benefits included health coverage for over half of eligible workers, though enrollment rates and costs remained points of contention, with critics noting high premiums deterred participation. Worker treatment debates intensified with allegations of retaliatory firings and hour reductions for those advocating better pay, as seen in 2013 protests where associates demanded reinstatement after terminations linked to efforts; publicly reiterated the company's average of $12.78 per hour while dismissing such actions as isolated. Reports also exposed reliance on domestic labor agencies for temporary staffing, where subcontractors paid wages as low as $8.90 per hour—below Walmart's internal standards—leading to a 2013 exposé documenting in roles supporting U.S. stores. An open letter from consumer advocate to in January 2013 urged reallocating a portion of Walmart's $17 billion profit to raise associate pay by $2 to $3 per hour, arguing it would reduce taxpayer burdens without harming competitiveness, though Walmart maintained its model prioritized low prices for customers over mandated wage hikes. These exchanges underscored broader tensions, with 's leadership coinciding with failed drives and policy pushes for retail increases, which the company lobbied against as inflationary.

Post-Retirement Activities

Board and Advisory Roles

Following his retirement as Walmart's president and CEO on February 3, 2014, Mike Duke remained actively involved with the company, serving as chairman of the executive committee of the , a role he continues to hold. He also acted as a consultant to his successor, , for one year to support the leadership transition. In April 2015, Duke joined as an operating executive in its Global Consumer & Retail sector, leveraging his retail expertise to advise on investments and portfolio company operations. Duke serves on the board of directors of , Inc., contributing to strategic oversight for the fast-food chain. He has also held advisory roles, including on the Georgia Institute of Technology's advisory board, drawing from his background.

Public Speaking and Thought Leadership

Following his retirement as Walmart CEO in 2014, Mike Duke has pursued engagements and thought leadership roles, emphasizing principles derived from his retail experience. He is represented by agencies such as AAE Speakers Bureau for keynotes on business strategy, , and . Duke's talks often highlight 's foundational values—respect for individuals, service to customers, striving for excellence, and with —as drivers of organizational success. Duke advocates as superior for fostering high performance, particularly in people-centric industries like , arguing it outperforms other styles by prioritizing associate development and long-term results. In a 2023 , he outlined three core traits: acting with unwavering , as leaders are constantly observed; respecting others through and affirmation to enable their success; and serving as an exemplar of excellence in communication, , and interpersonal treatment. He stresses building influence through and relational buy-in rather than positional alone, advising emerging leaders to seek mentors early and focus on peer-level persuasion. Notable engagements include a 2019 address to finance students at , where he discussed through the lens of people relationships, speed as a competitive edge, and the primacy of and caring over technology. In 2022, he featured in Georgia Tech's Cecil B. Day Distinguished Speaker Series, focusing on . Duke delivered the keynote at Covenant College's 2025 Brock Forum on Authentic Christian Leadership, including a address, , and class visits. He has also shared insights on biblical leadership models, such as and from the story of , in contributions to organizations like . In 2024, he addressed associates on trust as a core value during a morning meeting.

Personal Life and Legacy

Family and Personal Interests

Mike Duke is married to Susan Duke, with whom he has three children: two daughters and one son. One of his daughters, , was diagnosed with , a rare primarily affecting girls that leads to severe impairments in cognitive, motor, and communication functions. Duke has described Elli as the individual with the greatest influence on his life, shaping his emphasis on resilience, empathy, and prioritizing people in leadership decisions. Duke maintains a relatively private , with limited public details on hobbies or leisure pursuits beyond his professional commitments. He has engaged in faith-oriented discussions post-retirement, including podcasts exploring and integrating personal values with work ethics through a Christian lens.

Long-Term Impact on Business and Retail

Mike Duke's leadership at from February 2010 to February 2014 prioritized and operational efficiencies, enabling the retailer to weather economic volatility and sustain competitive pricing in a challenging . By inheriting a firm amid one of 's toughest periods, Duke implemented strategies that optimized and inventory management, lessons which continued to underpin Walmart's low-cost model and market dominance post-tenure. These enhancements in distribution networks, informed by integration and vendor partnerships, reduced costs and improved responsiveness, setting precedents for scalable operations that rivals later emulated to counter e-commerce disruptions. Duke's push for global expansion significantly diversified Walmart's streams, with operations growing to encompass more stores outside the U.S. than the company's total footprint at the time of his entry, fostering a robust multinational presence by 2014. This involved adapting local and , which mitigated domestic market saturation risks and contributed to sustained ; for instance, rose steadily, supporting overall amid U.S. economic pressures like the post-2008 recovery. His emphasis on cross-border best practices exchange influenced broader sector norms for multinational scaling, evident in Walmart's ability to maintain profitability in diverse markets through his era and beyond. Early investments in technology and multichannel retailing under Duke laid foundational infrastructure for Walmart's , including systems that integrated physical stores with online capabilities to serve evolving consumer preferences. By 2011, these efforts combined store networks, , and platforms into a unified channel, precursors to later accelerations that by 2024 accounted for 18% of global sales and achieved profitability after decades of buildup. Coupled with upgrades, such as training for tech adoption, these initiatives enhanced adaptability, allowing Walmart to evolve from a traditional discounter into a leader resilient against pure-play online competitors like . Overall, Duke's tenure delivered strong financial outcomes while embedding capabilities for long-term agility, influencing by exemplifying how , , and proactive adaptation can preserve in an industry shifting toward digital and global dynamics. His approaches, including risk-managed growth and customer-centric innovation, have been credited with positioning for post-2014 expansions, such as acquisitions and wage investments that built on his operational base.

References

  1. [1]
    Michael Terry Duke | Keynote Speaker | AAE Speakers Bureau
    Mar 19, 2025 · Mike Duke served as the CEO of Walmart, the world's largest retailer and the biggest private employer, from 2009–2014.
  2. [2]
    Michael Duke - Forbes
    Chief of the world's No. 1 retailer (just under $470 billion in sales in 2012) and biggest private employer (2.2 million employees).
  3. [3]
    Mike Duke - Operating Executive @ The Carlyle Group - Crunchbase
    Mike was president and CEO of Wal-Mart Stores, Inc. from 2009 to 2014. He continues to serve as chairman of the executive committee of the board.
  4. [4]
    Mike Duke, former Walmart CEO - Cecil B. Day Distinguished ...
    During his five-year tenure as CEO, Mr. Duke helped Walmart navigate a period of economic, social and technological change while delivering strong financial ...<|control11|><|separator|>
  5. [5]
    GMA Recognizes Retired Walmart CEO Mike Duke with Hall of ...
    The Grocery Manufacturers Association (GMA) presented retired Walmart President and CEO Mike Duke with its 2014 Hall of Achievement Award.
  6. [6]
    Wal-Mart CEO's journey began in Georgia
    Dec 26, 2009 · Born on Pearl Harbor Day 1949, Duke's youth revolved around three younger sisters, a father who drove a local route for a trucking company and a ...
  7. [7]
    Business Leaders: Walmart's Mike Duke
    Mar 3, 2016 · Name: Michael Terry Duke Born: Dec. 7, 1949Company: Wal-Mart Stores Inc. (NYSE:WMT)Position: President and CEOPrevious role: Vice ...
  8. [8]
    About Wal-Mart CEO Mike Duke - CBS News
    Feb 5, 2011 · OCCUPATION: President and CEO of Wal-Mart Stores Inc. AGE: 61. BORN: Dec. 7, 1949. Grew up in Fayette County, Ga. HOME: Rogers, Ark.
  9. [9]
    Gov. Beebe, Mike Duke, Andrew Hamilton to Receive Honorary ...
    Dec 8, 2014 · Duke was raised on a small farm in rural Georgia. He graduated from the Georgia Institute of Technology (Georgia Tech) with a bachelor's degree ...Missing: background | Show results with:background
  10. [10]
    Michael Duke, Retired Wal-Mart CEO, Pops in on Business ...
    The Georgia Tech graduate with a degree in industrial engineering told the students that USF is highly regarded across the nation as a research ...Missing: background | Show results with:background
  11. [11]
    The Carlyle Group Names Mike Duke Operating Executive for ...
    Apr 16, 2015 · Mr. Duke joined Wal-Mart Stores in 1995, where he served as President and CEO from 2009 to 2014. From 2005 to 2009, he served as Vice ...Missing: early retailing
  12. [12]
    Wal-Mart names Mike Duke as new CEO - Update - RTTNews
    Nov 21, 2008 · Prior to joining Wal-Mart, Duke has 23 years experience in retailing with Federated Department Stores and May Department Stores. Commenting ...Missing: professional | Show results with:professional
  13. [13]
    Wal-Mart names Duke as next chief executive | king5.com
    Sep 18, 2009 · Before joining Wal-Mart, Duke had 23 years of experience as an executive at Federated Department Stores and May Department Stores - which today ...
  14. [14]
    Mike Duke (Entrepreneur) - Age, Birthday, Bio, Facts, Family, Net ...
    Aug 11, 2025 · When was Mike Duke born? Michael Terry Duke is an American businessman. He was Walmart's fourth CEO from 2009 to 2013. Born, Michael Terry Duke, ...
  15. [15]
    2010 Power 50: No. 1 Mike Duke - Supermarket News
    Duke came into the CEO role with perhaps the broadest experience within the company of anyone who has ever held that position. His background included stints in ...
  16. [16]
    McMillon to succeed Duke as Wal-Mart CEO - Talk Business & Politics
    Nov 25, 2013 · As an engineer, some of Duke's earlier contributions at Wal-Mart include the redesign of the logistics and merchandising systems. Last year Duke ...
  17. [17]
    A Succession at Walmart Puts an Insider at the Helm - The New York ...
    Nov 25, 2013 · Mr. Duke, 63, has been the company's chief executive since 2009, and was vice chairman from 2005 to 2009.Missing: career positions
  18. [18]
    Building the Next Generation Walmart, Mike Duke President and ...
    Nov 9, 2010 · ... Mike Duke President and CEO, Wal-Mart Stores ... years of experience in retailing with Federated Department Stores and May Department Stores.Missing: early | Show results with:early
  19. [19]
    Duke To Replace Scott as CEO of Wal-Mart - CNBC
    Nov 21, 2008 · Wal-Mart Stores announced Friday that Mike Duke will succeed Lee Scott as president and chief executive officer of the company.
  20. [20]
    Wal-Mart Names Mike Duke CEO - RTTNews
    The leadership transition will become effective on February 1, 2009, the company revealed. The world's biggest retailer said that Scott will continue serving as ...
  21. [21]
    Doug McMillon Elected New Chief Executive Officer of Wal-Mart ...
    Nov 25, 2013 · Doug McMillon, 47, to succeed Mike Duke, 63, as president and chief executive officer, effective February 1, 2014.
  22. [22]
    Walmart CEO Mike Duke Shifts Approach - Forbes
    Mar 1, 2011 · Walmart's Mike Duke knows that we are all new leaders all the time. That's why organizational change management is an ongoing part of his life.Missing: formative early
  23. [23]
    Walmart CEO Focused on Growth, Leverage and Returns to Drive ...
    Oct 21, 2009 · He focused his remarks on executing three key priorities - continuing to have aggressive growth plans, leveraging global scale and expenses, and ...Missing: 2009-2014 achievements initiatives challenges<|separator|>
  24. [24]
    Mike Duke Stepping Down As Wal-Mart CEO, Doug McMillon To ...
    Nov 25, 2013 · The world's largest retailer will have a changing of the guard early next year as CEO Mike Duke announces his retirement to be succeeded by 47- ...
  25. [25]
    https://www.wsj.com/articles/SB10001424052702304011304579220221297453100
  26. [26]
    [PDF] 2013-annual-report-for-walmart-stores-inc_130221024708579502.pdf
    In fiscal 2013, International contributed almost 30 percent of the company's net sales, with an increase of. 7.4 percent from the prior year to $135.2 billion.
  27. [27]
    Walmart (WMT) - Revenue - Companies Market Cap
    Annual revenue ; 2012, $469.01 B · 4.94% ; 2011, $446.95 B · 5.95% ; 2010, $421.84 B · 3.36% ; 2009, $408.14 B · 0.84%.
  28. [28]
    Walmart Revenue 2011-2025 | WMT - Macrotrends
    Walmart annual revenue for 2025 was $680.985B, a 5.07% increase from 2024. Walmart annual revenue for 2024 was $648.125B, a 6.03% increase from 2023.Walmart Financial Statements... · Net Income · 53 Year Stock Price History
  29. [29]
    Wal-Mart CEO Mike Duke steps down - Toronto Star
    Nov 25, 2013 · Duke, 63, who had been with Wal-Mart since 1995, had been at the helm since February 2009. Duke will stay on as chairman. McMillon, 47, marks ...<|control11|><|separator|>
  30. [30]
    Seven Supply Chain Lessons from a Former Walmart CEO - Kinaxis
    Jul 25, 2016 · As CEO from 2009 to 2014, he worked to restructure the company and made sure it not only grew, but grew with integrity. Named one of Forbes top ...Missing: initiatives | Show results with:initiatives
  31. [31]
    Leadership, Influence, and Authority - An Interview with Mike Duke
    During his 19 years with the company, including a five-year tenure as CEO, Duke delivered strong financial results and broadened Walmart's commitment to lead ...Missing: formative early
  32. [32]
    Walmart CEO Mike Duke Outlines Strategies for Building the 'Next ...
    Jun 4, 2010 · In order to be a more global company, Duke discussed the need to serve customers as a local store, share best practices and leverage Walmart's ...
  33. [33]
    Walmart CEO Outlines Strategies for Building the 'Next Generation ...
    In order to be a more global company, Duke discussed the need to serve customers as a local store, share best practices and leverage Walmart's global supply ...
  34. [34]
    Strength in our Business all around the World - Corporate Walmart
    Oct 15, 2013 · Our strategy to win means continued investments in executing on the fundamentals, innovating in new areas, growing in key markets and being the ...
  35. [35]
    Wal-Mart CEO pushes plan to keep retailer growing - NBC News
    Jun 3, 2011 · Growth by adding customers, opening new stores and acquiring other retailers. · Keeping costs low and passing the savings to customers. · Building ...<|separator|>
  36. [36]
    Leading Global Growth: Wal-Mart Stores, Inc. President and CEO ...
    If you met Duke, you may be surprised to find out that he is President and CEO of Wal-Mart Stores, Inc., the largest company in the world.
  37. [37]
    Organizational Change Memo From Mike Duke - Corporate Walmart
    Jul 23, 2012 · We've laid out our three priorities to deliver more value for both customers and shareholders – growth, leverage and returns.
  38. [38]
    Momentum, Discipline and Investment are Driving Growth, Leverage ...
    Oct 10, 2012 · At Walmart International, I like how we are positioned around the world and the markets we are in present great opportunities. Our growth is ...
  39. [39]
    https://www.progressivegrocer.com/walmart-ceo-reveals-growth-strategy
  40. [40]
    Walmart Announces Significant Progress Toward Ambitious ...
    Apr 16, 2012 · The new GRR unveils data and progress against Walmart's three primary sustainability goals to use 100 percent renewable energy; create zero ...
  41. [41]
    Walmart Makes Dramatic Sustainability Commitments
    Apr 17, 2013 · Walmart President and CEO Mike Duke announces the company's next step on the path to achieving its goal of being supplied 100 percent by ...
  42. [42]
    New Commitments to Drive Sustainability Deeper into Walmart's ...
    Oct 25, 2012 · New Commitments to Drive Sustainability Deeper into Walmart's Global Supply Chain. Beijing, China. By Mike Duke. October 25, 2012.
  43. [43]
    Walmart Launches Global Women's Economic Empowerment Initiative
    Walmart President and CEO Mike Duke launched a major initiative that will use the company's global size and scale to help empower women across its supply ...
  44. [44]
    Helping to Lift Up Women in the Americas - Corporate Walmart
    Apr 13, 2012 · CEO Mike Duke remarks on the new commitments from Walmart and The Walmart Foundation in supporting Secretary Clinton's "International Fund ...
  45. [45]
    At Wal-Mart in Mexico, a Bribe Inquiry Silenced - The New York Times
    Apr 21, 2012 · He described the “pressure and stress” of participating in years of corruption, of contending with “greedy” officials who jacked up bribe ...Missing: timeline | Show results with:timeline
  46. [46]
    How Wal-Mart Used Payoffs to Get Its Way in Mexico
    Dec 17, 2012 · So Wal-Mart de Mexico arranged to bribe an official to change ... History of corruption.” Open for Business. Back in Bentonville, Wal ...Missing: timeline | Show results with:timeline
  47. [47]
    Lawmakers: Walmart CEO in 2005 knew about bribery - CBS News
    Jan 10, 2013 · Congressmen say they obtained documents that indicate Walmart officials were informed about bribery allegations multiple times.
  48. [48]
    Congressmen: E-mails Reveal Walmart CEO Was Repeatedly ...
    Jan 10, 2013 · ... Mike Duke was informed of the bribery allegations in 2005, or that they contradict Walmart's statements to the press. Walmart did not ...
  49. [49]
    Walmart Inc. and Brazil-Based Subsidiary Agree to Pay $137 Million ...
    Jun 20, 2019 · “Walmart's guilty plea is another step in IRS-CI's ongoing effort to pursue corporations that engage in corruption that prevents fair ...Missing: timeline | Show results with:timeline
  50. [50]
    Walmart to pay $282 million to settle seven-year global corruption ...
    Jun 20, 2019 · Walmart to pay $282 million to settle seven-year global corruption probe · Read Next · Business · Site Index · Latest · Media · Browse · About Reuters.Missing: timeline | Show results with:timeline
  51. [51]
    Wal-Mart CEO Mike Duke at risk in bribery allegations - Fortune
    Apr 23, 2012 · Duke was the head of the company's international operations when the allegations of bribery came to light at the company. Nonetheless, when ...
  52. [52]
    Wal-Mart Says 'Save Money Live Better,' But Workers Don't Make ...
    Nov 27, 2013 · Wal-Mart is notorious for low wages. Could the principles of Fordism ensure a better deal for both?Missing: criticism | Show results with:criticism
  53. [53]
    Walmart CEO Mike Duke: 'We Do Pay Competitive Wages' - HuffPost
    Dec 12, 2012 · Walmart executives say average rates are higher, with estimates including $11.75 per hour and $12.40 per hour. In contrast, Duke made $18.7 ...
  54. [54]
    WALMART CEO: Our Wages Are Competitive For The Retail Industry
    Dec 12, 2012 · As Duke spoke at the Council of Foreign Relations in New York, a crowd of protesters stood outside criticizing his treatment of employees.
  55. [55]
    Walmart CEO Mike Duke Pushes Back Against Company's Minimum ...
    Aug 23, 2013 · “I think less than one percent of our associates make the minimum wage,” Walmart CEO Mike Duke said in an interview with CNBC's Maria Bartiromo.
  56. [56]
    Walmart CEO Pay: More in an Hour Than Workers Get All Year?
    Jul 1, 2010 · He said Walmart CEO Michael Duke's $35 million salary converts to $16826.92 an hour. By comparison, $8.75-an-hour employees at a new Chicago ...Missing: controversies 2009-2014
  57. [57]
    Wal-Mart CEO Mike Duke made $20.7 million in 2012, up 14 per cent
    Apr 21, 2013 · Duke, 63, has been Wal-Mart's CEO since February 2009. He received a base salary of $1.3 million, up 4 per cent from the year-ago period. His ...Missing: controversies 2009-2014
  58. [58]
    Wal-Mart's Chief Calls Its Critics Unrealistic - The New York Times
    Apr 6, 2005 · Critics complain that Wal-Mart's average wage of $9.68 an hour is too low to support a family and that only half of its workers receive health ...
  59. [59]
    Pressure on SEC to Implement Rule Disclosing CEO to Median ...
    A year's wages would be $25,251 and $25,792, respectively. The total compensation for Walmart's CEO Michael Duke was $18.7 million, a drop of 2.7 percent, for ...Missing: Mike criticism
  60. [60]
    Fired for Speaking Out, Workers Give Walmart Until Labor Day to...
    Aug 26, 2013 · Walmart CEO Mike Duke pushed back on the accusations, repeating the myth that Walmart store workers make an average of $12.78 an hour. Mr. Duke ...Missing: controversies 2009-2014
  61. [61]
    [PDF] Chain of Greed - How Walmart's Domestic Outsourcing ... - OnLabor
    In its annual “Global Responsibility Report,” Walmart's. President and CEO Michael Duke promises, “[W]e are strengthening our commitment to transparency and.Missing: treatment | Show results with:treatment
  62. [62]
    Open Letter to Mike Duke, CEO of Walmart - Ralph Nader
    Jan 17, 2013 · Fewer Walmart workers would have to go on varieties of government relief. Some of that $2 billion would go to social security, and Medicare with ...Missing: domestic | Show results with:domestic<|control11|><|separator|>
  63. [63]
    Why Wal-Mart can afford to give its workers a 50% raise | Fortune
    Nov 12, 2013 · The world's largest retailer is under fire for its low wages. But the numbers show it can easily pay more without tanking its stock.<|separator|>
  64. [64]
    Mike Duke reflects on his tenure as Wal-Mart CEO
    Feb 4, 2014 · Duke was also asked to share his proudest accomplishment in his 19 years at the company. ... Wal-Mart CEO Mike Duke Receives Diversity Award.Missing: achievements | Show results with:achievements
  65. [65]
    Michael Duke: Positions, Relations and Network - MarketScreener
    Previously, he was the President & Chief Executive Officer at Wal-Mart.com USA LLC, Vice Chairman at Wal-Mart International, and a Director at Walmart, Inc.
  66. [66]
    Former Walmart CEO talks personal success and caring relationships
    Oct 10, 2019 · Former CEO Mike Duke says it is the foundation for any successful company. Duke visited Florida Gulf Coast University (FGCU) Tuesday, speaking with a room full ...Missing: achievements | Show results with:achievements
  67. [67]
    Former Walmart CEO Mike Duke Shares 3 Core Traits of Servant ...
    are the same traits he developed beginning with his earliest days in his ...Missing: formative experiences
  68. [68]
    Events - Brock Barnes Center for Leadership at Covenant College
    Mike Duke will serve as the keynote speaker for the 2025 Brock Forum. He will be our guest at an evening reception with Chattanooga-area business leaders on ...
  69. [69]
    Leadership Lessons from Joseph - BSF Blog
    Michael T. Duke has served on the BSF Board of Directors since 2014. Mike was an active class member for several years and his wife, Susan, has served as ...<|control11|><|separator|>
  70. [70]
    Doug McMillon - Facebook
    Aug 5, 2024 · Last week at the Morning Meeting we welcomed our former CEO, Mike Duke, who spoke to us on the importance of trust as a core value.
  71. [71]
    Mike Duke | HuffPost
    Duke is the president and chief executive officer of Wal-Mart Stores, Inc. (Walmart). From 2005 to February 2009, Mike served as vice chairman of the company, ...
  72. [72]
    Want to win big at business? Go on offense
    Mar 12, 2021 · ... Walmart CEO Mike Duke. But the person with the biggest impact on his life, he says, was his daughter, Elli. Elli was born with Rett syndrome ...
  73. [73]
    Mike Duke, Former CEO of Walmart by Working with Dan Doriani
    ... childhood spent exploring his family's Appalachian farm with siblings and cousins. Those early impactful years shaped him into an adult with a profound love ...Missing: upbringing background
  74. [74]
    A Conversation with Mike Duke, Former CEO of Walmart - YouTube
    Jan 24, 2025 · From the Working with Dan Doriani archives - never before released on YouTube! In this episode, Dan is joined by Mike Duke, former CEO of ...Missing: achievements | Show results with:achievements
  75. [75]
    Walmart CEO Reveals Growth Strategy - Progressive Grocer
    Jun 7, 2010 · To be a more global company, according to Duke, the company must serve customers as a local store would, exchange best practices and take ...
  76. [76]
    The Next Generation Customer - Corporate Walmart
    Jun 3, 2011 · We can combine our stores, our systems and our logistics expertise into one continuous channel to drive growth and serve the Next Generation ...Missing: expansion | Show results with:expansion
  77. [77]
    The Supply Side: Walmart's e-commerce profitability achievement ...
    Apr 30, 2025 · Last year, Walmart said e-commerce accounted for 18% of its global sales, up from 11% five years prior. The retailer also said it lowered its ...Missing: legacy | Show results with:legacy