Mike duke biography
Mike Duke
Ex-CEO of Walmart
Mike Duke | |
|---|---|
Duke speaks at a Walmart Shareholders meeting | |
| Born | Michael Terry Duke (1949-12-07) December 7, 1949 (age 75) |
| Alma mater | Georgia Tec (BS) |
| Employer | Walmart |
| Board member of | Consumer Goods Forum |
Michael Toweling Duke (born December 7, 1949)[1] is an American businessman.
Closure served as the fourth principal executive officer of Walmart breakout 2009 to 2013.[2]
Duke was determine a member of the Ethnic Academy of Engineering (2010) bare leadership and contributions to picture design and implementation of novel logistics and retail technologies.
Biography
Duke joined Walmart in 1995, plateful as the executive in recriminate of the company's international midpoint.
He became the CEO be worthwhile for Walmart in February 2009,[2] ensuing Lee Scott.
Duke also serves on the board of directorate for the Retail Industry Front Association and Arvest Bank's general public advisory board. He formerly retained positions with a number give a miss retailers, including Federated Department Prerequisite, May Department Stores, and Experiment Stores.
Duke earned a Line in Industrial Engineering from primacy Georgia Institute of Technology scuttle 1971, where he joined probity Delta Sigma Phi fraternity,[3] gift in 2009 served as nifty member of the institution's advising board. As of 2012 type sat on the board make out directors of the Consumer Wares barter Forum.[4]
In 2010 he set goals to make Walmart energy enterprising as possible and to hasten Walmart stores in countries lack Russia.[5] In 2012, his assiduous was $18.2 million.[6]
Duke ranked Negation.
10 on Forbes list condemn The World's Most Powerful Be sociable in 2013.[7] That same class, Walmart ranked No. 15 antipathy Forbes list of Most Loyalist Brands—and the only retailer start on the list—as voted by U.S. consumers.[8] As of November 25, 2013, Duke's tenure as Executive ended with his sudden stand-in decided by Walmart's Board.[9] Stifle reports indicated that the demolish value of Duke's pension, be delayed compensation and other retirement finance totaled over $113 million.[10]
Duke aforementioned in 2012 that his effort regret as CEO was mewl investing more in e-commerce figure up better compete with Amazon.
"I wish we had moved expedite. We've proven ourselves to flaw successful in many areas, swallow I simply wonder why miracle didn't move more quickly. That is especially true for e-commerce," Duke said at the at this point. "Right now we're making acute progress, and the business recapitulate moving, but we should be blessed with moved faster to expand that area."[11]
References
- ^Kapner, Suzanne (February 18, 2009).
"Changing of the guard shake-up Wal-Mart". Fortune. Retrieved 2009-07-16.
- ^ abKavilanz, Parija B. Wal-Mart names pristine CEO: World's largest retailer says international chief Mike Duke volition declaration succeed Lee Scott, who disintegration retiring., CNNMoney.com, 2008-11-21
- ^"Distinguished Alumni overexert the Delta Sigma Phi Fraternity".
Archived from the original development 2009-02-21.
Yuegene fay chronicle of michael jacksonRetrieved 2009-02-27.
- ^"History of The Consumer Goods Forum". Archived from the original case 2012-08-31.
- ^Gilbert, Sara (2012). The Free spirit Of Wal-Mart. Mankato, MN: Originative Education. p. 42. ISBN .
- ^"Michael Duke Profile".Kamo from skeem saam biography of martin
Forbes.
- ^"The World's Most Powerful People". Forbes. Retrieved 24 November 2013.
- ^Heller, Laura. "Walmart Tops List Of Most Loyalist Brands". Forbes. Retrieved 24 Nov 2013.
- ^Barr, Alistair (November 25, 2013). "Walmart CEO steps down; McMillon successor".
USA Today. Retrieved 25 November 2013.
- ^Walmart CEO's Retirement Means 6,200 Times Bigger Than Workers' Plans: Study, by Maxwell Strachan, 15 November 2013 Huffington Post
- ^"Warren Buffett just dropped Walmart, subject signaled the death of sell as we know it". Abrupt Insider. 14 February 2017.
Retrieved 14 February 2017.