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Wal-Mart names son-in-law of Rob Walton as new chairman| Reuters

Jun 05, 2015    

REUTERS - Wal-Mart Stores Inc (WMT.N) named Vice Chairman Greg Penner as its new chairman on Friday, replacing his father-in-law Rob Walton and cementing the founding family's influence over the retailer's board.Penner, 45, has been on the retailer's board since 2008 and was named vice chairman last June, in a move that was widely seen as setting the stage for him to succeed Walton, 70, son of founder Sam Walton and chairman for the past 23 years.The change is effective as of the end of the company's annual shareholders' meeting today, near the company's headquarters in Bentonville, Arkansas. ...

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