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 to step down from Walmart board

by Paul Gatling (pgatling@nwabj.com)

The Denver Broncos have confirmed new ownership is on the way, and there are ties to Arkansas.

In a news release late Tuesday night (June 7), the NFL franchise said a purchase and sale agreement is in place to transfer ownership from the Pat Bowlen Trust to a bid submitted by Rob Walton, the oldest son of Walmart founders Sam and Helen Walton.

The bid is reportedly worth $4.65 billion, the most expensive sale of a sports franchise in North American history, according to multiple media reports. The Broncos did not include the price in the team’s official release.

https://talkbusiness.net/2022/06/denver-broncos-confirm-new-ownership-pending-led-by-walmart-heir-rob-walton/