Summary by Moomoo AI
Walmart Inc. has released its 2024 Annual Report and filed its Proxy Statement in anticipation of the upcoming Annual Shareholders' Meeting scheduled for June 5, 2024. The company announced that Rob Walton, a key figure in Walmart's history and its longest-serving board member, will retire at the end of his current term. Walton, who joined the company in 1969, has been instrumental in shaping Walmart's strategic direction for over four decades. In preparation for his departure, the Board has nominated Brian Niccol, Chairman and CEO of Chipotle Mexican Grill, Inc., for election at the Shareholders' Meeting. If elected, Niccol will become the fifth new independent director since 2017, bringing fresh expertise in retail and brand management. Chairman of the Board, Greg Penner...Show More