Name: Doug McMillon
Net worth: Approx. $348 million Executive pay: $26.9 million
Company: Walmart
Bio: McMillon hails from Memphis, Tennessee, and was raised in Jonesboro, Arkansas, as the oldest of three siblings to Laura and Morris McMillon. His father, a Vietnam War veteran, worked as a dentist. The family later relocated to Bentonville, Arkansas, where Walmart is headquartered, when McMillon was 16 years old. Known for his love of sports, he was the point guard for the Bentonville High School basketball team.
Doug McMillon is a lifelong merchant. He began his Walmart career in 1984 as an hourly associate, picking orders and unloading trailers in a warehouse. He has since served in senior leadership roles across each business segment.
During his tenure as CEO, which began in 2014, Walmart associates have transformed the company into a people-led, tech-powered omnichannel retailer dedicated to helping people save money and live better. It has invested heavily in its people by increasing wages, expanding parental leave and paying for certificates or degrees for associates seeking education opportunities. Walmart has lowered its prices and embraced technology to improve customer and associate experiences. The company also launched Project Gigaton, a supplier collaboration that’s expected to reduce, avoid or sequester 1 billion metric tons of emissions worldwide by 2030. It met the initial goal years ahead of schedule.
Doug serves on the boards of directors of Business Roundtable, the Consumer Goods Forum and the U.S.-China Business Council. He holds a bachelor’s degree in accounting from the University of Arkansas and an MBA from the University of Tulsa.
Quote: "It's really simple: If you're not meeting the wants and needs of the customer, you're done." - Doug McMillon
