When Walmart holds its 55th annual meeting at Bud Walton Arena in Fayetteville, Ark., in early June, the spotlight will be on some familiar topics. CEO Doug McMillon’s keynote address will likely cover the company’s financials and stock price — up more than 130% over the past five years — as well as possibly the company’s controversial step-back on diversity, equity, and inclusion (DEI) initiatives and how the company is coping with President Trump’s tariffs.
While “not actively managing the day to day, they need to oversee the operations and ensure that things are trending in the right direction … and how to spend and allocate capital,” said longtime retail analyst Joe Feldman of Telsey Advisory Group. “Hiring the right people to run the company is … crucial, probably the first priority,” he added, followed by “succession planning.”
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