by Kim Souza (ksouza@talkbusiness.net)
Rob Walton, the oldest son of Walmart founders Helen and Sam Walton, has been a fixture on Walmart’s board of directors for more than four decades. But he is not seeking re-election, according to his son-in-law, board chairman Greg Penner.
Penner made the announcement in the company’s annual proxy report filed Thursday (April 25) with the U.S. Securities and Exchange Commission.
Walton, 79, joined Bentonville-based Walmart Stores in 1969 and worked as the company’s corporate secretary and general counsel after working as a private attorney. Walton was board vice chairman and chairman until resigning from that post to Penner in 2015. He was involved in the process of taking Walmart public in 1970.