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.
Rob Walton