– USA, AR – Walmart Inc. (NYSE: WMT) today announced the appointment of Randall Stephenson, former Chairman and CEO of AT&T Inc., to its board of directors, effective March 3, becoming the 12th board member.
“Randall’s experience as a global business leader and, in particular, his leadership skills and insights in finance, technology, retail and brand management will be a tremendous benefit as we shape the next generation of retail,” said Board Chairman, Greg Penner. “We look forward to working with him as we drive Walmart’s strategy forward and continue providing effective governance for all our stakeholders.”
About Randall Stephenson
Randall Stephenson retired in January of 2021 as the Executive Chairman of the Board of AT&T after a 38-year career with the company that began in 1982 with Southwestern Bell Telephone. Before that he was Chairman of the Board and CEO of AT&T and served in that role from 2007 until July 2020, having also served as President from 2007 through September 2019. Under his leadership, Stephenson helped transform and reshape AT&T from a global leader in mobile Internet services and IP-broadband communications to a media and telecom conglomerate after it acquired Time Warner in 2019.
Also, Randall Stephenson held a variety of high-level finance, operational, and marketing positions with AT&T, including serving as COO from 2004 until he was appointed CEO in 2007 and as CFO from 2001 to 2004.
“I’m honored to be appointed to the board of Walmart,” said Randall Stephenson. “I’ve admired how the management team and Walmart associates have continued to adapt and change to serve customers in new and exciting ways while also serving communities during an unprecedented health crisis. I look forward to joining my colleagues on the board to further the company’s vision of becoming the best Omni-retailer in the world.”
Randall Stephenson holds a Master of Accountancy degree from the University of Oklahoma and a Bachelor of Science degree in Accounting from Central State University. He has served on the board of directors of Boy Scouts of America since 2005, including as chairman of the board from 2016 to 2018, and the PGA Tour since 2012. Stephenson was also chairman of the Business Roundtable from 2014 to 2016.
About Walmart
Walmart Inc. helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, approximately 220 million customers and members visit approximately 10,500 stores and clubs under 48 banners in 24 countries and eCommerce websites. With the fiscal year 2021 revenue of $559 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity.
For more information: https://corporate.walmart.com/
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