Rosalind Brewer, president and CEO of Sam's Club, has take over as co-chair of the Northwest Arkansas Council for 2014-15. She takes over for one of the council's founding members, Mark Simmons, who is also chairman of Simmons Foods in Siloam Springs. Simmons served as co-chair since June 2013.
C. Douglas McMillon, who became the president and CEO of Wal-Mart Stores Inc. of Bentonville on Feb. 1, saw his total compensation skyrocket 168 percent to $25.6 million for the fiscal year that ended Jan. 31 as compared with the previous year.
Wal-Mart continues to grow its efforts in e-commerce, but the retailer has no current plans to expand its domestic online operations for grocery. Also: Within the first 10 days of Wal-Mart’s initiative to hire veterans, about 13,000 applications were submitted.
Business and politics in Arkansas and elsewhere are still dominated by men, and that fact is evident in the pages of Arkansas Business. Three years ago, we decided to make a special effort to highlight the fact that there are indeed “Women of Influence” in our midst, and in this issue we again set out to recognize 10 different women.
Sam's Club President and CEO Rosalind Brewer is not shy about her plans for Sam’s Club, which generated $53 billion in revenue last year: Brewer wants to see Sam’s Club sales reach $80 billion to $100 billion.
The lessons Sam Walton learned during those early, successful years of Wal-Mart allowed him to build the most successful retail chain in history. And just like the times that he took his planes up to search for potential Wal-Mart sites, it was Mr. Sam himself who was behind the stick, deciding which direction to go.