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    C. Douglas McMillon

    President and CEO at Walmart Inc
    Board
    Since 2014
    Age
    57 years
    Tenure
    Joined Walmart in 1990 and advanced through various leadership roles, including key positions at Sam's Club (2005–2009) and Walmart International (2009–2014), before being promoted to President and CEO in 2014.
    Other Roles
    Business Roundtable (Board Member), Consumer Goods Forum (Board Member), U.S.-China Business Council (Board Member), Tsinghua University School of Economics and Management (Advisory Board Member), Crystal Bridges Museum of American Art (Board Member)

    Also at Walmart Inc

    CN
    Christopher Nicholas
    President and CEO, Sam's Club
    DMC
    David M. Chojnowski
    Senior Vice President and Controller
    DM
    Donna Morris
    EVP, Global People and Chief People Officer

    About

    C. Douglas McMillon is a seasoned executive with extensive experience in the retail industry, currently serving as the President and CEO of Walmart Inc. At the age of 57 , he has dedicated over three decades to leading one of the world’s largest retail operations.

    Beginning his career at Walmart in 1990, he steadily advanced through various roles, including influential leadership positions at Sam’s Club from 2005 to 2009 and at Walmart International from 2009 to 2014. His journey through these critical roles highlights his commitment to the company’s growth and innovative transformation initiatives, which have been central to Walmart’s evolution.

    Under his leadership since 2014, strategic initiatives such as the development of an omni-channel strategy have reshaped the company’s operations, allowing for the seamless integration of physical stores and digital platforms. In addition to his executive responsibilities, he has contributed to several industry boards and councils, demonstrating a blend of practical leadership and advisory expertise.

    Although detailed personal information and educational background are limited in the available documents, his career trajectory and long-standing tenure at Walmart underscore a significant impact on the global retail landscape.

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Salary$1,471,569 AnnualFixed base salary for fiscal 2023
    401(k) Plan Matching Contributions$18,300 AnnualCompany matching contribution to the 401(k) plan for fiscal 2023
    Personal Use of Company Aircraft$175,197 As IncurredIncremental cost covering fuel, maintenance, and crew travel costs

    Performance Compensation

    Data from  FY 2023

    Performance-Based Restricted Stock Units (PBRSUs)

    MetricValueDetails
    Performance Metrics50% ROI, 50% Total Company Sales Equal weighting on company ROI and sales performance
    Threshold59,662 shares Minimum performance level required
    Target119,323 shares Expected performance level
    Maximum178,985 shares Maximum cap on awards
    Grant DateJanuary 31, 2023 Specific grant issuance date
    Grant Date Fair Value$16,381,855 Valuation based on probable performance
    Vesting ScheduleJanuary 31, 2026 Contingent on fiscal 2024 performance and continued service
    Grant Date Stock Price$143.87* Based on NYSE closing price; note additional Outstanding PBRSUs use $137.29

    Non-Equity Incentive Plan Compensation

    MetricValueDetails
    Performance Metrics50% Total Company Operating Income, 50% Total Company Sales Equal weighting for operating income and sales
    Threshold$1,350,000 Minimum earnings level required
    Target$3,600,000 Expected payout based on performance
    Maximum$4,500,000 Maximum cap on payout
    Grant DateJanuary 31, 2023 Award grant date
    Grant Date Fair Value$16,381,855 Derived from performance estimates
    Grant Date Stock Price$143.87 NYSE closing price on the grant date
    Vesting ScheduleJanuary 31, 2026 Performance evaluated over fiscal 2024 with vesting contingent on target achievement

    Outstanding Performance-Based Restricted Stock Units

    MetricValueDetails
    Performance Metrics50% ROI, 50% Total Company Sales Equal weighting on ROI and sales
    Threshold59,662 shares Minimum performance level
    Target119,323 shares Expected performance level
    Maximum178,985 shares Maximum performance limit
    Grant DateJanuary 31, 2023 Award issuance date
    Grant Date Fair Value$16,381,855 Calculated based on probable performance outcomes
    Vesting ScheduleJanuary 31, 2026 Vesting subject to meeting performance goals
    Grant Date Stock Price$137.29 Discounted for expected dividend yield

    Equity Awards Vesting Upon Death or Disability

    MetricValueDetails
    Restricted Stock & Earned Performance Equity327,476 shares; $47,113,972 Immediate vesting upon death/disability
    Target Shares of Unearned Performance Equity119,323 shares; $17,167,000 At target performance levels
    Grant DateJanuary 31, 2023Same as other performance awards
    Grant Date Fair Value (Probable)$16,381,855 Based on probable performance outcome
    Grant Date Fair Value (Maximum)$24,572,851 Maximum performance valuation
    Grant Date Stock Price$143.87 Based on the NYSE closing price
    Vesting PeriodJanuary 31, 2025 End date for performance share vesting
    Accelerated Vesting ConditionsImmediate vesting upon death/disability Applies to all unvested awards