Wal-Mart Announces Changes To Its Board Of Directors

Wal-Mart Stores, Inc., announced changes to its board of directors the company says are aimed at strengthening it for the future. Also, the retailer said those changes are also to help ensure the board maintains its independence, diverse backgrounds of directors, and breadth of experience. Effective following the company’s June 3, 2016, annual shareholders’ meeting in Arkansas, the changes include the planned departure of directors Aida Alvarez, Roger Corbett, Mike Duke, and Jim Walton from the board. Also, Steuart Walton has been nominated for election to the board.