Walmart Inc. (NYSE: WMT) has appointed Bob Moritz, retired Chairperson of PricewaterhouseCoopers (PwC), as a new member of its Board of Directors, effective August 15, 2024. Moritz brings a wealth of global business experience, having worked at PwC for 39 years, holding various leadership roles, including U.S. Chairman and Senior Partner, and most recently as the Global Chair of the firm.
Moritz's appointment expands Walmart's Board to 12 members, and he will join the Audit Committee and the Technology and eCommerce Committee. Greg Penner, Chairman of Walmart Board of Directors, highlighted the importance of strategic leaders like Moritz as Walmart continues to define the future of retail.
In June 2024, Moritz retired from PwC. During his career, he spent three years with PwC Japan, working with European and U.S.-based financial services companies operating in Asia. He has also served and led in various philanthropic capacities, including serving on the board of Generation Unlimited and as a Member of the World Economic Forum International Business Council.
Walmart Inc., a people-led, tech-powered omnichannel retailer, reported fiscal year 2024 revenue of $648 billion and employs approximately 2.1 million associates worldwide. With approximately 255 million customers and members visiting more than 10,500 stores and numerous eCommerce websites in 19 countries each week, Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. As a result of these announcements, the company's shares have moved 6.7% on the market, and are now trading at a price of $73.28. Check out the company's full 8-K submission here.
