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Walmart names another founding family member as chairman
Add BT as a preferred sourcePublished Sun, Jun 7, 2015 · 09:50 PM
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New York
WALMART Stores Inc named another member of the founding Walton clan as its next chairman, renewing concerns that the world's largest retailer is still run like a family business.
Greg Penner, the grandson-in-law of Walmart creator Sam Walton, will become only the third chairman in the company's 53-year history. He replaces Rob Walton, the oldest son of the founder, who has held the role since 1992.
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