Duke Becomes Wal-Mart C.E.O.
Wal-Mart Stores, Inc. said Friday that its board of directors has elected Mike Duke, currently president of Wal-Mart International, to replace Lee Scott as president and c.e.o., as of Feb. 1, 2009. Duke was additionally elected to the company's board of directors, effective immediately. Scott will remain with Wal-Mart as the chairman of the executive committee of the board.