Washington – Business Roundtable today elected Doug McMillon, President and Chief Executive Officer (CEO) of Walmart, the incoming Chairman. He will serve a two-year term starting January 1, 2020.
McMillon will succeed Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., who began his tenure as Chairman on January 1, 2017 and will remain an active member of the Business Roundtable Board of Directors after his chairmanship ends, completing an extended three-year term on December 31, 2019.
“Doug is a forward-looking leader who understands the importance of a growing and inclusive economy that serves all Americans,” said Dimon. “At a time when our organization is reaffirming the significance of corporate commitments to workers and communities as a critical piece of creating long-term value, Doug is uniquely experienced to lead by example and ensure our voice is heard.”
“I am honored to be elected the new Chairman of Business Roundtable,” said McMillon. “Under Jamie’s leadership, Business Roundtable has made important contributions to strengthen the U.S. economy and its competitiveness. I’m thankful for the foundation he built and I’m excited about what’s ahead.”
McMillon continued: “In the coming months, there will be extensive conversations about America’s future and the role business plays in shaping it. As Chairman, I commit to keeping Business Roundtable CEOs at the forefront of constructive public policy debates as we pursue an agenda of greater growth and opportunity for all Americans.”
“Doug is a superb leader of a company that reaches over 5,300 communities and employs 1.5 million people in America,” said Joshua Bolten, President & CEO of Business Roundtable. “As CEO of the nation’s largest employer, Doug brings an important perspective to the policy debate around the future of work, innovation and America’s competitiveness. I look forward to supporting Doug and all our members as we continue to advocate for policies that spur innovation, sustain economic growth and expand opportunity in the United States.”
Business Roundtable is an association of CEOs of America’s leading companies representing all sectors of the economy. McMillon joined the Roundtable in 2014 and currently serves on the Board of Directors.
As CEO of Walmart, McMillon leads a strong management team that is working to deliver Walmart’s purpose of saving people money and helping them live a better life. Under his leadership, Walmart is bringing together its stores, digital commerce capabilities and supply chain in new ways to make every day easier for customers. Each week, over 275 million customers and members visit Walmart’s more than 11,300 stores under 58 banners in 27 countries and eCommerce websites and apps.
McMillon is a longtime champion of Walmart’s customers, its associates and the company’s culture. In 1984, he started out as an hourly summer associate in a Walmart distribution center. In 1990, while pursuing his master’s degree in business administration, he rejoined the company as an assistant manager in a Tulsa, OK, Walmart store before moving to merchandising. He went on to serve in successful senior leadership roles in all of Walmart’s business segments. He remains a merchant at heart and understands where customers around the world are heading next.