A Light(house) Retirement for Former Walmart Exec

A Light(house) Retirement for Former Walmart Exec
(Lighthouse Financial)

Retirement apparently wasn’t in the cards for former Walmart Inc. executive Steve Schultheis.

Schultheis, 56, retired from Walmart in August 2021 after 32 years with the company. He started unloading trucks but, by the time he stepped away, he was a senior director of merchandise operations in charge of womenswear.

Schultheis became a client of Lighthouse Financial, a boutique financial planner company in Rogers that handles $600 million in assets. Schultheis liked the people and the company so much he became Lighthouse’s COO after a little more than one month of retirement.

“I wasn’t quite ready to retire,” Schultheis said. “Lighthouse needed somebody with my skill set. It was a good transition for me.”

As COO, Schultheis said he works 25 hours a week and helps translate founder Lance Belline’s “big thinker” ideas into workable operations. The company has grown from five employees to 15. “It was just a great match,” Schultheis said. “It’s the people and the beliefs of Lighthouse. I know how I was treated as a client.